Gold and silver usually have good correlation, so looking at the silver market, I decided to take a position using CMC Markets. Here is the chart at this time. Some people might be concerned by that breach of the uptrend, however it did recover, so I think its simply a failed break of trend. I am expecting silver prices to run from here.
Gold poised for a major rally. If you examine the following chart it will be apparent that gold has been consolidating in recent months. The chart however suggests that the price of gold is on the brink of a major move. Given that interest rates are at record lows and the central banks have been stimulating the global economy; given the fact that banks have been recapitalised, there is no reason to think that costs have not risen or that debt is going to be liquidated. The implication is that commodity prices are going to stay high, and among them gold is going to be attractive.