Gold and silver caught a big today, even as stocks continued their slanted push up against trend resistance.
I have some optimism for the price of gold here, as it seems to draw the usual rally off the Non-Farm Payrolls bottom, all other things being even. There is intermediate trend resistance at 1340 that may prove to be quite a test for any breakouts.
As I recall we are entering a December contract period which may have some energy behind it, especially if we have already passed the late seasonal low.
Today is the 100th anniversary of the sixth apparition, and the ‘miracle of the sun,’ in Fátima, Portugal on October 13, 1917.
