Amazing Action Across The Board

A cracker of a week to let our stock positions consolidate -- and now they have resumed their upwards trajectories.

Precious metals are also doing very, very well along with miners.

There really isn’t a lot to say with everything acting very orderly this past week and looking to continue that trend.

Gold gained 1.67% this past week and is setup to continue its move higher anytime now. Gold is setting up a nice bull flag with $1,370 a buy area out of this flag.

Silver continues to lead gold higher and gained 2.49% for the week. The white metal has a great bull flag that points to higher as it moves to its next major resistance area at $28.

Platinum gained 3.60% as it now breaks the $1,100 resistance area. Great action that really needs nothing more said about it. The next resistance level to watch is $1,175.

Palladium gained 2.10% and is also acting great and trying to breakout higher again now. A move above $620 can be bought as we move up to the next resistance level at $691.

In general stocks are acting much better than I’ve seen since late 2014. Moreover, precious metals have really done well after reversing their dominant trends to up.

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