Free Trade Alert: Metals - The Forecast

Free Trade Alert: Metals

Free Trade Alert: Metals

Gold has broken through key resistance this morning at $1759. The entire metals sector is expected to move higher into next week. If a geopolitical event occurs, expect miners and silver to go sideways as gold spikes. GLD targets for next week are $169-$174, $1800-$1840 gold futures. This is the first daily cycle in a new intermediate advance which is expected to last into July/August. We will hold our positions and will not consider selling until much later in the cycle. However, will point out pauses and consolidation points in the rally for aggressive traders and for new money looking to enter positions. Stocks are expected to start consolidating no later than next week. A top in NDX has likely formed and the DOW and SPX are likely forming their tops today.
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