Precious Things

"I know what it's like to lose precious things...and then, of course, to find them again."
--Laura Charles (The Last Dragon)

The precious metals complex continues to act well. Gold is homing in on $1550 while silver crossed $18/oz for the first time since mid 2017.

The miners are doing their thing as well. Pan American Silver (PAAS), for instance, is still stepping higher consistent with classic box theory. Each step into the next box higher has been accompanied by a volume spike.

Textbook bullish move off of what increasingly appears to be a durable low.

position in gold, silver, PAAS