Trigger Points
We have been patiently waiting for the previously outlined trigger points to signal the next leg higher for gold and silver. Gold has just taken out my $2530 target and while silver still needs to do some work to reach it’s trigger at $30.25, I expect it to do so before the week comes to a close. (Both triggers were spot prices, not futures.)
Today is a “Got to be in it to win it” object lesson day. If you got shaken out last week in the 3 crush sessions we had then you are on the sidelines sucking your thumb today watching it run away from you. Monster moves today
In one day I’ve recovered 90% of my losses over the last three weeks. Today was my “sell it all day…” Hahahahahaaaaa
I was one telephone call away from selling it all yesterday. Decided to wait a bit, got busy, and realized the markets were closed.
Not only do I expect my silver trigger target of $30.25 to be hit tomorrow (Fri the 13th) but I would not be at all surprised to see it reach it’s high for the year of $32.50+.