Silver On The Move
If and when we get a ‘reverse symmetry’ blast through resistance in gold (through the $1350-$1400 region), it’s likely (if it’s the real deal) that silver will lead the charge, with miners taking off very rapidly. I’d like to see silver make much bigger percentage gains than gold. That will give me the confidence to say our wait is finally over. With that in mind, todays action is interesting.
Indeed. Additionally 2 weeks ago when everybody was bullish, it was not so popular to choose for a pause in the gold bull run. Ad now it is the common view that gold will have a correction to its 200D MA of $1250. So time to be contrarian again and looking for less downside?
Possibly. The market likes to keep us guessing.