Next Three Days
I believe these next three days in the metals markets should be quite telling. Today, I expect the usual counter trend Tues.(we are already seeing a minor pullback from yesterday’s strong gains). If it plays out the way I expect, today will see minimal damage. I mentioned the change in trading dynamics in my comment to a post by Sir North yesterday. If that type of trading continues(I believe it will) then between today’s minor pullback and if we get positive action either later today and or on Wednesday, we will be setup for a sizeable move higher on Thursday and Friday. This week’s action is either an early breakout or a positive prelude to the breakout that should occur no later than after the President’s Holiday weekend, as I detailed in my post about gold’s triangle formation.