Summary

In gold, a close above $1210 would activate the average price of $1244 as a target.

A second close in gold above $1244, would activate $1268 and $1301 as targets.

In silver, a close above $15.08 would activate a target at $15.66.

A second close in silver above $15.66 would activate the targets of $16.15 and $16.74.

I recently had the opportunity to talk with Equity Management Academy founder and CEO Patrick MontesDeOca about the gold and silver markets. Both markets, he said, on the basis of the daily, weekly and monthly Variable Changing Price Momentum Indicator (VC PMI) analysis, are aligned harmonically, which is “very, very bullish.”

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