Yesterday, I posted about my thoughts on silver and that it should gain back about half the recent losses by the end of May, as a prelude to my expected rally in June and July. I also stated I believed that FGC’s Friday invitation to “The Bottomz Inn” would prove correct. Well this morning I just read Michael Ballanger’s latest piece and this last paragraph clinches it. “…

The good news for all of us arrived late Friday when I got the ultimate “Buy” signal for precious metals. You have often heard me comment upon the predictive power of nature with specific reference to my wonderful dog, “Fido.” I cannot tell you the number of times over the past ten years that I have thrown a hissy-fit over blatant interventions by the bullion banks or the PPT (Working Group on Capital Markets by way of the NY Fed trading desk) only to have Fido bolt from under my desk and wind up hiding under the tool shed in a hole he clawed out back in 2015. Well, yesterday morning, I expected a rally in the silver market but when it opened at USD $20.63 and then nosedived to $20.42 within seconds, I took my old wooden-shaft five iron and hummed it at the monitor only to have it miss the screen but take out a large bronze ornament shaped like a gong and go clattering into the corner. When Fido refused to surface from under his beloved “safe haven” despite handfuls of raw hamburger meat, it is usually because he has been suitably frightened by his lunatic master and when his lunatic master launches tirades of unimaginable sound and fury (as happened on Friday), it usually marks the end of the downtrend in my favorite metal prices.

After all, a lunatic master can only handle so much…”

Of course, I am kidding about the reason, but not the call, about the bottom being in.