Gold, Silver, and Platinum Push Higher
The huge rally in metals rolls on, there seems to be no stopping them. Al three are in the blow off phase, the buyers are suffering from FOMO (fear of missing out). This pattern and the huge rallies will end; however, this has triggered a buy signal making us bullish gold, silver and platinum.
We have been bullish gold and platinum all the way up and have added silver to the fray. We will be looking for a pullback to support levels to create additional buys. Silver was the last to confirm and up move, depending on how the patterns develop the possibility exists for a major bull market.
Looking into the future we would like to see a small pullback by an extended period of consolidation. This type of action would be the best for a bull market run, if the metals continue at their current pace they are doomed to fail. Support levels are Silver March futures 18.00 -18.10, Gold 1590-1595 April futures and Platinum 990.00 -995.00 April futures.