In today’s podcast I update the big pictures for gold and silver starting on the monthly charts. Both markets are appear ready to resume larger Primary 3 wave rallies. I give some background to what to expect within 5th waves in precious metals in all degrees. I review the internals for each market as well — The U.S. Dollar Index has presented it challenges over the short term, but the longer term picture has remained the same in continuing to indicate lower levels for the dollar. I also discuss the current transition likely in play as interest rates again take center stage. The FED decision along with the balance of economic data being released this week should have a strong impact on the dollar and interest rates.
July 23, 2023