MORNING GOLD 10/15
Gold at new highs projects 4253 next, with an extended target of 4323. The market must surpass 4157 to appear toppy. Avoid capping this market; there’s still time for gains. This market offers few easy entry points. Rally potential persists until Oct. 23-24, but caution is advised once the minimum target is hit. Silver has stronger fundamentals and more potential.

MORNING SILVER 10/15
Silver hasn’t broken 5250 yet, but highs of 5395, 5420, or 5500 are possible next week. Don’t cap it. Playing this market requires courage, even with expected new highs. A recovery is likely by Oct. 22-25. If new highs occur into November, daily charts suggest targets of 5295 or 5500.