“This week may be one of the most important weeks we’ve had in a very long time in the PM complex. Today we saw GLD breakout of its two year triangle while silver has broke the top rail of its three year diamond. Plus many of the PM stock indexes we just looked at above have broken out and have been in backtest mode. Time wise our current correction after the 2016 leg up has been about 17 months, which is right in the ballpark for many of the consolidation patterns that formed during the bull market from 2000 to 2011. After nearly seven years of bear market price action, is the precious metals complex about ready to begin the next phase of the secular bull market? All the best…Rambus”

……………………..

THE WHOLE HUI AND NUTHING BUT THE HUI….From the Wizard of Chartology

Wednesday Report for Members

https://rambus1.com/2018/01/24/wednesday-report-193/