GLD, daily
Silver, daily
Summary
No doubt the Gold/silver bugs will be very pleased with today.. and there are clearly bullish technical signals starting to go off.
However, the weak USD is clearly a primary reason for the current wave higher... and unless you are of the 'omg, the dollar is going to zero' crowd.. the metals remain broadly weak from 2011.
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As for equities.. little to expect from the rest of today. Underlying momentum is turning back toward the equity bulls, and the sp'2030/40s remain viable by the weekend.
notable strength, the miners, GDX +4.8%... not surprising.. considering the gains in the precious metals.
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back at 3pm