Gold, silver, painful but bullish

All week we have been writing about the pain of congestion; Thursday was the tip that, although consolidating, the trend is bullish.

Silver is slightly more bullish than gold right now and has a chance to break out to the upside today.

Although gold is in a similar pattern and is making higher lows, it also appears to be making a new resistance level at 1900.

We remain long gold and silver; the trends are higher.

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