The gold price and the silver price put in outside reversal days to the upside. Very bullish.
(Click on charts to enlarge)
Friday, gold put in what was probably a "chart painting" outside reversal day (by the anti-gold cartel) to the downside to try and spook the weak longs. Monday, the New York markets were closed. Tuesday, gold gapped up and broke up out of its flag. Wednesday, today, gold went down to close the gap and then turned around and went up to produce a bullish, "in your face" (to the anti-gold cartel) outside reversal day to the upside, making a new bull market high. So much for the spooking. Guess the cartel has to go back to spooking school. An arrow shows Friday's probable "chart painting" outside reversal day to the downside.
"Gold is absolute objectivity. It is blind, like justice. It has no politics and ideology, no likes or dislikes, no friends or enemies. All it recognizes is its possessor, whom it serves faithfully so long as he has it." -- British historian Paul Johnson quoting Charles de Gaulle
"If a politician found he had cannibals among his constituents, he would promise them missionaries for dinner." --- H. L. Mencken
Today, silver did the same as gold. Another "in your face" outside reversal day to the upside. That is really bullish gold price and silver price action.