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Gold, silver, and the DJIA all increased this week versus last week. Gold was up 1.91%, silver was up 4.51%, and the DJIA was up .34%.
The good for the metals is that the 50-day and 200-day moving averages continue to be upsloping, the reversion to the mean 50-day moving average is showing good support, and around the 50-day moving average is good price support.
The not so good for the DJIA is that the last two weeks have seen it underperform the metals, it does not look to have strong price support at the reversion to the mean 50-day moving average, and the 200-day moving average is flat.
Overall, metals doing their hedging thing.
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Until next time…







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