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Precious Metals Showing Strength

|Includes: SPDR Gold Trust ETF (GLD), SLV

I’ve been spending a lot of time talking about the general markets lately and my general level of bullishness there, but another market is setting itself up for a big move in my opinion. The RSI has moved into the overbought levels which generally means more upside is coming. Add in the fact there are some major gaps just north of where we closed today, any move higher won’t meet any sort of resistance.

Pay attention to this sector as I will be personally using any weakness to get long for a move higher.