Metals remain the most interesting market in the world at this moment. Gold, silver and platinum are all going in different directions. The next few days will go a long way in determining the next big move that we expect to see in all three.
Gold continues to be the strongest and appears ready for a major breakout to the upside once again. After consolidating three months, gold has broken out the upside, now targeting $1,800 and more in the August futures. This rally could be powerful enough to take gold to all-time new highs. However, we first must close over $1,800 and continue the current trend. We remain long and will add on pullbacks to support.