If I were writing the script, then this would be it. We have the scenario I laid out in my post about the additional Russian sanctions. We have problems with cell phone service and so far none of the carriers have commented.

Today is a Thursday which I have pointed out multiple times is the set up day for what it WOULD take for the metals to break out, a strong Thursday followed by an even stronger Friday, closing at or near the high. So far we have teased a bunch of times but haven’t as yet gotten the necessary two step punch to set-up the gap surge on the day after a weekend that would definitively mark a breakout.

Add in the ridiculous stock market surge led by NVDA up almost 15% in premarket trading and the stage is set for the biggest trap in financial history. If the plug does get pulled between today and tomorrow and the markets reverse down while gold and silver explode higher, the resulting carnage would be huge.

The current trends are all extended and can not go on forever! It may be out there, but the odds are not nil.