September 20, 2024 - (Gold Market Wire) - The combination of the encroaching US Presidential election, ever-approaching Russian success in Ukraine and the challenges it presents to the US and its status as the "indispensable nation", and the start of Isarael's war with Hezbollah, have proved too much for the metals to resist. The old political order is being shuffled on a daily basis, and the metals are the refuge.

In purely market terms, Silver has finally caught up - and is starting to dance. The chart shows a market that has power beneath it.

Our gently sloping downtrend had been felled at last - after four months of working lower and sideways. If we get the close above the resistance line, and we should, the market should run higher until we approach $2700 on the Gold front. $2600 now is a done deal. With the .50% rate cut, we could be setting up for one of those 'super' Friday's where we close on a strongly bullish note.

Late to the party, we have been - but we are up and dancing a few days now.