Precious Strengthens

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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.


Silver, likewise, has respect its own ascending support line for almost fifteen months.


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