Weekly Chart

Gold and Silver popped up nicely this morning. The dollar is weak for the moment causing the rally for metals. The weekly chart however is still pointing down leaving pressure to the downside yet. The Fed indicated recently that they might raise rates in June so be cautious, if they do the dollar will rally and metals will turn down again. Without the weekly chart on silver and gold showing a bottom money invested at this time would be iffy. I would rather wait till all indicators turn positive.