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.