Gold and Silver rally into September and should be topping out before Octobers end. As you can see, our daily and weekly charts for Silver and Gold signals have proven profitable, but the internals show signs of a tired rally.

Silver Daily Chart

Silver Weekly Chart

Gold Daily Chart

Gold Weekly Chart

The spin everyone is putting on this tired rally and inverted yield curve is just amazing. They think that the driving force has been the focus on the economic woes with 10-year U.S. Treasury yields slumping to a three-year low implying a recession ahead. Actually, the driving force has been the decline in global yields, which seems to be spreading. U.S. Treasury yields fell as the benchmark 10-year yield hit its lowest since July 2016, after U.S. manufacturing data showed the first contraction since 2016. The worries about a weakening global economy and U.S.-China trade tensions which are being spun by the media as a negative campaign for 2020 against Trump.

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