The question was asked about my call, was it just the charts or something else. The answer is both. While the charts showed a multi month bottom being formed, another major factor was how both metals were trading.

I study how the metals trade in various time frames over the course of the 24 hour day. Patterns form in three distinct time frames. Between midnight and 4AM (Asian trade), 4AM to 8AM (European trade) and after 8AM when the Comex begins trading. I had noticed a change in the way trading was occurring during these distinct trading windows.

So far today, things have been relatively quite and muted, that should be very positive. I’d like to see a positive session during US hours. Doesn’t have to be anything like Friday (something big and aggressive will probably happen later in the week.)

I will be happy if it is a slow, steady upward move. Spikes are usually orchestrated to set up the slam downs by the bankers. I don’t think they will be doing any of those until prices are significantly higher. Let’s see how things go today.