Precious Metals Update GLD/SLV

I have to say, SLV/silver looks a lot better then GLD/gold, but GLD looks pretty good.

 GLD daily and the 150 day m.a. long term buy point we have talked about for months.
The only thing that scares me is the COMEX raising margin and killing the rally, especially if gold sees wide bodied trading days/upside volatility.

 The 1 min suggests a pullback or consolidation, some of which has already taken place.

 The 5 min is pretty strong and in line.

 The 15 min is leading positive with a slight relative negative within that, again, could be an intraday consolidation or pullback, however on a 15 min chart, it would be longer in duration then a 1 min chart.

 GLD hourly, and the negative divergences we talked about a lot as it moved too far away from the consolidation along the 150 day moving average, a nice pullback gave it some legs.

 This stop has held the entire rally (30 min Trend Channel) and is currently around $168, but it should continue to move higher. Email me for updates.

 A wider 1 hour stop should hold a regular consolidation and is around $167.

 SLV came off a stronger/longer base. The 1 min is looking also like a pullback/consolidation which has already started. I wouldn't be surprised to see some more though.

 The 5 min has excellent confirmation.

 As does the 10 min

 The 15 min does even better with a leading positive divergence.

 As does the 30 min chart. This looks like a very strong move in SLV, again I have the same concerns over the COMEX.

The 30 min Trend channel is about the only stop working right now, currently at $33.25 and moving up, feel free to email me for updates.