5y chart, just to show kitco says that Summer '16 high was $1365
https://www.kitco.com/LFgif/au1825nyb.gif
That $1365 high goes back to early '14, so a punch through $1365 as we're flirting with here today, would be a 5+ year breakout high.
https://i.imgur.com/yDGQIUB.png
Pd which has been making new all time highs this year, before pausing to refresh beginning in Mar, is back on its way today to challenging it's Mar $1583 all time high
https://www.kitco.com/LFgif/pd0365nyb.gif
I'd love to see anti-THRILLver chart more uppity, confirming Au & Pd, but it's 10y chart looks abysmal....
https://www.kitco.com/LFgif/ag3650nyb.gif
About the only arguably positive silver view is the "7 month view", where we can say hey, overall uptrend since last Nov!
Or, definite uptrend since late May!
https://www.kitco.com/LFgif/ag0365nyb.gif
Pt you ask? Basket case, who cares, fuck Pt!
But let's watch for an Au 5y breakout high >$1365 any time soon... or not.
We know what the Thrillver Rocket is capable of, when the PM complex gets a fire under it. And the King of Currencies, Au, seeing a >1365 breakout would spark that fire.
The last 2 explosive PM rallys began in the Summertime, & ended the following May:
Summer '05 - May '06
Summer '10 - May '11
What season are we entering again??
I may look to fund a futures acct & play the rally we're potentially on the edge of that way. I made a life changing bundle in the futures in the '05-06 rally... but lost a lot of sleep during. I was happy to put futures behind me after that, & stood on the sidelines through the '10-11 rally (aside from my physical stash, somewhere on the bottom lovely Lake Tahoe).
If I jump back in that shark tank, I'd just have to take up meditation, or some shit.