Bears gave up after trying all week to break red-line support at 63.43. Like gold bulls, however, buyers will have to show their eagerness as they take on three increasingly difficult obstacles in the weeks ahead. The first lies slightly above at 68.98 (Sep 9), the second at 72.05 (8/28), and the third at an important high of 80.425 notched on May 25. Friday’s running start should make short work of numbers 1 and 2, but let’s not get too far ahead of ourselves.
$SIZ26 – December Silver (Last:67.149)