Browse Symbol Stacks: GLD: gold-silver-monthly-testing-16-year-support-at-the-same-time-july-14.jpg (1296×674)
Below looks at only Gold & Silver since the late 1990’s and why the price point in Gold & Silver are testing what could be historically important levels.
I think 1210 -1220 is a good place to accumulate GC as it has broken out from that level more than once. You could put an 1195 stop on it in case it really breaks down. I would have bought it at 1213 but PM's haven't been doing much of anything for some time so not worth the effort. They should be much higher given US weakness.