Loading ...Following The Script
Looks like gold and silver are following the script I outlined days ago. With this pullback overnite, silver is sitting on it’s 50 day as I type. Gold is getting close to it’s 50 day around 1778. This quick pullback is a sign of how strong they both are, especially silver. Get in today on this opportunity. By the end of next week at the latest(maybe as early as Monday) they will be heading higher again. Gold should first get to 1840 while silver is going to be clicking off .50cent to $1 dollar moves to the 200 day at 25.50 in short order.
Once again, the back test after the breakout was quick, immediate and will be over soon. Very bullish action. Onward and upward, if not later today, definitely next week. Go Gold and Soar Silver!
A quick drop in gold to 1765 this morning and a further drop to the 1730 level next week could give rise to the lift back above the resistance on the wedge. Near the apex. We may be coiling for the dramatic rise to ATH.
Just a guess of course.