Gold turn a hard fall yesterday, but after this morning’s lame jobs report, it has reversed firmly. The descending trendline was broken a few weeks ago (green circle) and is in the role of support now.
![GLD](https://slopeofhope.com/wp-content/uploads/2021/06/GLD-640x399.png)
Silver, likewise, has respect its own ascending support line for almost fifteen months.
![SLVSLV](https://slopeofhope.com/wp-content/uploads/2021/06/SLVSLV-640x853.png)
The ratio chart of precious metals miners versus the money supply still looks positive for gold’s long-term future:
![slopechart GDX FR M SL](https://slopeofhope.com/wp-content/uploads/2021/06/slopechart_GDX_FR_M2SL-640x343.jpg)