Gold and Silver bulls will get a lift from this session, since it affirms a strong technical case for both metals. The ongoing rally in Comex Silver in particular – and Silver Wheaton shares, which we also looked at – shows no sign of weakening, and it looks as though some longstanding targets above $25 in SLW are all but certain to be achieved. We also scrutinized the charts of the E-Mini S&Ps and found little reason to respect the uptrend of the last week or so. Flaccid daily and hourly charts warned us off trying to find “camouflage” for a long entry, but there were no great prospects for getting short either.
