Gold & Silver – This Week & Beyond
As I suggested in my post on Friday, this pulling out all the stops smackdown, would likely be a one day affair. We are getting a decent bounce, so far today.
Of course, there is probably going to be an attempt to push prices back down. I would expect it either tomorrow or more likely, in the usual wild swings that occur on most FED meeting days.(Wed.)
In fact, Powell will probably say something either in the statment or more likely the Q&A, that the Comex crooks, will use to orchestrate a second leg down. While the metals may make slightly lower lows than Friday, most miners and Etf’s will probably show positive divergences and relative strength.
We are in a bull market. Both metals had significant breakouts and runs higher. This was(is) just, the pause that refreshes. Be bold and hold, for they are going much higher and relatively soon.