70-Second Market Outlook: Metals, Dollar, Bonds, Stocks, Energy
Dollar and bonds are likely to correct while natural gas continues to do the opposite of the broad market.
Gold Futures – Daily Chart
Gold is stuck in both categories in my opinion. It is a “risk off” safe haven when people are scared of falling stock prices, and it is also a “risk on” speculative investment when people are feeling good about the market. Gold has been trading at key resistance for a couple weeks and looks as though it’s starting its next rally.
Silver Futures – Daily Chart
Silver is in the same boat as gold though it carries much more volatility than gold. Expect 2-4% swings regularly and sloppy chart patterns in this metal.
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