The breakout for gold and especially silver is very close. Gold has been positive for months until this recent expected pullback. Having ticked off all the expected targets up to the 1975 area, I called for a 100-150 dollar pullback. With the 50 day mvg avg now around 1860 that is likely support. A dip down into the area around 1825 is possible but I would not expect much lower, nor staying there for very long. Silver is trickier, it could test the 200 day just above 21, but would probably settle around 21.50.(In reviewing the chart I see silver is at the same level of oversold as it was at it’s Sept. low, even though it is more than $4 higher in price) The point is we got the correction based on the usual FED nonsensical hawkishness, supported by the Biden administration’s continued manufactured job creation numbers that were all from seasonal adjustments. Add in the fact that they are revising CPI higher and most importantly that they are HIDING the COT reports for the last two weeks and you have everything set up for the coming surprise upside explosion in gold and silver. Likely to arrive after the President’s Day holiday in the trading week of February 22-25. (Maybe increased activity in Ukraine as it marks the one year anniversary of the SMOP) It wouldn’t be why a breakout occurs but the markets always find something for a cover story.