Gold and Silver Ready For Another Rally Attempt

From sprottmoney.com

After nearly 3 weeks of sideways/downward price action in Gold and Silver, our researchers believe both metals have already setup another breakout/rally attempt after breaching downward resistance (shown as the downward sloping CYAN line). For precious metals bugs, this could be another huge opportunity as the next move higher should prompt a rally above recent highs. That means a target price level in Gold above $2100 and a target price level in Silver above $30.50. The deep price retracements recently in both Gold and Silver have come from news events. First, the EU Banking Report that destroyed the market on ... (full story)