What Could Happen to the Metals

I am going to deviate a little today being I did post 3 touts over the week end.  I am going to postulate on what could happen if my indicators are correct and there is a rally this coming week.   I have already covered gold so I will cover two others in a group session.  All work is based upon the daily chart.

SIU9   last: 12.665.  The D for the move down is 12, I am rounding for ease of typing.   For price to rally it would have to go through 13.20 and then P would be 13.75.   If short I would use a stop at 12.70.  On the way to 13.20 there should be resistance at 12.85 and 13.00.   There should be some congestion around the 13.20 area and maybe a slight retracement.   At this time pressure is trying to turn up from an over extended area on the chart.   On a longer term chart Price was rejected at PO2 = 16 and this current retracement began from that level.

HGU9  last: 221.95  Price has been trying to reach PO2 at 211 and been unsuccessful on the move down.    For price to move higher it would have to go through 229.30 and then P would be 242.  Look for resistance at the 234 level.   There could be a slight move down to a support area of 219 to 220.   On a longer term chart Price met resistance at P=239  and this is a retracement down from that number.

Silver is halfway between gold and copper as a fundamental entity.  It is both an industrial metal as well as a semi geopolitical barameter.  Its value is determined at times by manufacturing demand and at other times it is a reflection of the buying power of the dollar and inflation hedge.   Take note that today is 13th and if you are superstitious it could be a trouble day.