PM GoldFix: Debt Ceiling Rebellion Propels Gold

May 30

Included at bottom is the latest from Rabo and more

Gold:

Nice day. Really surprised us at first. But as the day wore on and the details of the Debt Ceiling rebellion came to the fore, this now makes perfect sense.

Silver:

Traditional TA would tell you that if we get back in that channel expect it to run to the top quickly now that the area has been worked to death. This is evidenced by the last 2 times we paused there. All we can say is, flat inside the rectangle, long above it, short below it.

We continue to believe Silver will lag Gold until Copper catches up. This is an China/Asian thing right now

Enjoy.

PM GoldFix for May 30

Note: We apologize for the PM GoldFix appearance changes… but Substack keeps changing how links render on us. Hopefully they will make up their minds soon.

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