While gold tries to rally, silver and platinum continue to struggle. Silver and platinum are in two unique patterns that should both end up in lower prices. Platinum peaked in January and has been headed south since. The pattern has been steadily lower with a few big charges lower, but basically steadily trending lower.

On the other hand, silver, which peaked a couple of weeks ago at a double top, has had some violent moves in both directions but is still headed lower. The recent rally that we have seen over the last couple of days is just another selling opportunity. Two metals, two patterns but both headed in the same direction.

Through all of the pressure in metals, gold has managed to remain somewhat bullish with the exception of our reversal for a couple of days. However, the big sell-off last Friday, which we reversed on, has disappeared and gold is trying to push higher. We remain bullish gold, bearish silver and platinum.