W/C 10th Feb - Gold + Silver to consolidate before moving higher?

UK Energy Policy is screwed + a possible compelling 'play' in the metal space.

NB - Due to the Superbowl taking place, this Weekly Open newsletter will be sent out on 10th Feb Mexico time. As usual, my apologies if any data and/or information has changed as a result of Asian/early European trading.

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Last week saw another week of volatility (expect much more in the months and years ahead) and also saw Gold reach a new all-time high.

Before we dive into charts then the following energy headlines from the UK have to cause alarm for those living there! With more and more people struggling to pay bills whilst at the same time the Government will create more energy poverty (and inflation) by wasting cash on unnecessary energy policy.

For the balance of play, the Prime Minister is looking at changing the planning to make nuclear easier to build.

Meanwhile in the land of the major indices and the metals…..