A quick snapshot of gold and silver, post-CPI.
Okay then, it appears gold’s wearing its inflation suit. This morning team pom pom cannot complain about a nefarious smack down after the data. The key level for gold to take out and hold is and has been 1920. This morning it is poking through resistance.
Silver remains in its constructive pattern looking up at thick resistance roughly coinciding with the SMA 200 (25.45). It’s bull gateway is significantly higher than gold’s on a percentage basis.