Loading ...So Far, So Good
So far, yesterday and overnight into this morning, they have tried a number of times to pressure silver but it doesn’t want to go down, yet. I am still hopeful that later today will be a typical “takedown Tues.” for gold and silver. Even if it isn’t, tomorrow we should get the usual volatility swings that occur on almost every FED news release day(even though most of them have no real news released). Tomorrow will be telling and critical. Either, they have the last selloff or they don’t, it really doesn’t matter, the metals will be rising by week’s end, especially silver.
I have felt for a couple of week’s that 27 would be important. A break and close above 27 is likely to trigger the start of the big move. They are having a hard time keeping silver down. The pullback to the moving averages may not happen. That is a big tell. If you can’t have the usual pullback, even a weak one, then you are going to go a lot higher soon.