I find the Ira Epstein metals videos on YouTube interesting and entertaining. However, one needs to decide if you are trading short term futures contracts(they are more valuable for that) or investing in physical and or miners for the longer term. The reason I say this, is he leans heavily on the Bollinger bands and that 90% of the time those will stop any advance or decline, and he is correct about that. Which is why if trading futures on margin you need to heed that warning or you will get killed if you don’t. The problem is that isn’t what you want to do if you are a long term non margined investor at a time like this. When the big breakout comes it isn’t going to follow the bollinger band rule because as I have said before, “this time is different”. The bollinger bands are kind of like the chicken and the egg. Regardless of how or why the algorithm works it gets reinforced in the marketplace by the bankers who manipulate the gold and silver futures market prices. For 50 years since gold and silver futures contracts started trading on the COMEX (expressly for the purpose of manipulating and supressing short term price movements) the bankers use naked short selling of unlimited numbers of contracts to stop any rally. Especially, when you know where the algorithm says they should stop and most traders also use those targets in their calculations. It becomes a self fulfilling prophesy. A long term unleveraged buyer doesn’t want to use those parameters because if and when the manipulation breaks down and ends, the freedom from 50 years of price suppression with no way of putting the toothpaste back into the tube, is going to lead to an outsized move that is going to go above and stay above the bollinger band for quite a long time.(just look what happened to nickel recently and oil two years ago on the downside) Each was a unique situation but so are gold and silver) If you trade gold and silver futures on margin, heed the bollinger bands. If you are long physical, IGNORE them.