Stocks and Precious Metals Charts – Clothed With the Sun

“Ubi caritas et amor, Deus ibi est.”
Where kindness and love are, God is there.
4th century antiphon, melody 9th century
“Hear now this, O people, foolish and without hearts; who have eyes and do not see; and have ears, but do not hear.”
Jeremiah 5:21
“And there appeared a great wonder in the heavens, a woman clothed with the sun, and the moon under her feet, and upon her head a crown of twelve stars.”
Revelation 12:1
Gold and silver caught a big today, even as stocks continued their slanted push up against trend resistance.
I have some optimism for the price of gold here, as it seems to draw the usual rally off the Non-Farm Payrolls bottom, all other things being equal. There is intermediate trend resistance at 1340 that may prove to be quite a test for any breakout attempts. Silver is moving with gold in this. If at some point it becomes a flight to safety, I am not sure how well they will pace each other. Otherwise, silver remains more ‘lively’ than gold in its movements.

This post was published at Jesses Crossroads Cafe on 13 OCTOBER 2017.