Greetings!, The precious metals markets seem to be recovering from their most recent corrections. Many analysts are looking at the ongoing crisis in the European Union as well as the potential for U.S. monetary easing. A statement made by Chicago Fed president Charles Evans, which in essence said that he would support a variety of measures to support growth, rekindled belief in gold bulls that quantitative easing will be implemented by the Federal Reserve. As Greece's citizens return to the ballot box this weekend, traders look for any indication as to whether that country will remain in the European Union. These factors, coupled with short covering and bargain-hunting, have been cited as the primary factors fueling the current precious metals rally. The big question remains: will we see follow-through if the market continues higher and reaches resistance. As you know both gold and silver have been trading in a defined range, and this current upside move will most likely culminate with a testing of those resistance price points. As always, wishing you good trading Executive Producer | 
