Some Important Gold & Silver Charts

Below we have posted some important gold and silver charts that are relevant to the recent CCPM Forecaster webinar as well as the August CCPM Forecaster.

What to do?  

First, this unexpected geopolitical event highlights the need to use stop orders, just as we always emphasize when trading commodities and futures.

In the case where traders may have had short positions in gold and silver, buy-stop orders should have triggered well before the breakout past the 1280 resistance for gold.

Moving forward, if you did not previously enter a long position in gold based on the situation in North Korea, we would