Playing By Their Own Rules

Gold and silver continue to take their sweet old time working through periods of consolidation. Despite the fact that they have been on watch for big moves recently, they have kept on churning sideways, playing by their own rules. The dramatic moves both metals have seen in recent years have abated for now, but seasonality suggests that could change soon. Particularly with silver, there is only so long that prices can stay compressed before one side wins out. I continue to watch them closely for big-time moves. SLV is still meandering through the tight $30/$32 range.

__________________________

__________________________