August gold futures were last up $14.00 at $1,783.00 and July Comex silver was last up $0.051 at $26.02 an ounce.
Nymex crude oil futures are a solidly higher, trading around 72.79 a barrel and hit a 2.5-year high today.
However, with many economic indicators pointing to the stronger potential for higher inflation creating problems, one major indicator does not: U.S.
Today is one of those trading days where gold and silver are posting gains at the same time the competing asset class of equities sees the stock indexes also higher.
Bears’ next near-term downside price objective is pushing futures prices below solid technical support at $1,700.00.
Silver bulls’ next upside price objective is closing prices above solid technical resistance at $27.00 an ounce.
Copper bulls’ next upside price objective is pushing and closing prices above solid technical resistance at 450.00 cents.