We saw the release of a much weaker than expected NFP on Friday, and this should dent hopes of early rate hikes for sometime. That is precious metal bullish, and the bullish flag forming on Silver should resolve to the upside.
With interest rates around the globe slowly entering negative territory, gold become a rewarding asset yielding zero... Is it the end of the cyclical bear market and the start of a new bull? I am definitely opening some long with the hope of pyramiding later this year. For the time being, a nice speculative long position can be entered on a retest of the neck...
