Looking for the bottom?
This chart is telling us we get a total retrace of last years move in Silver and turn up the first week of January.
EDIT: To the responses in the comment section…..all that is needed to generate this wave is for price to contact the bottom trend in the 15.50 range, can it break down? yes, absolutely. Don’t like the set up….don’t buy it then.
Well, this would be one heck of a call…will follow
Sam’s EW count that I posted several months back also called for a full retrace for GDX/gold.
If that happens though, the correction won’t complete that fast, and likely not without an intervening bounce that fails. So says my longer term studies.
No Way Jose !
If that happens by January I will eat my crown