A lot can happen between now and fall, but we’re at a place that’s neutral territory for interest rates, and the Fed provided a dovish hint last week.
The precious metals are not out of the woods yet and the charts are ripe for scalping intraday sweet spots in either direction.
The Federal Reserve’s plan on tapering its accommodative monetary policy to “rate normalization” in 2022 and beyond is highly unlikely.
A Golden Cross has occurred on gold's daily chart and is indicative of an imminent move, but consolidation first in the near-term would be healthy.
If silver's $29-$30 price level is taken out decisively on price and volume, a bullish run to the $50 per ounce 2011 high could be explosive.