It has been clear that the PM’s bottomed in mid to late Dec. and have been stair stepping higher since. The charts told us so(as I have been commenting on) that the rally wasn’t going to really get going until we got into this new year.

Now that the trend has been clearly established as higher, it is just a matter of when the big push comes. So far, whenever it looked like a big move was about to occur, the bankersters on the Comex have capped and smacked them back down.

Today is the possible breakout. Will the jobs report be the catalyst(excuse) for a really large pop higher, or will it be the excuse for a cap and crap? Even if it is the latter, it would just be a one or two day delay, before the metals continue their move higher. So it boils down to an immediate run and gun higher or a slower, more drawn out rally. Either way it is up and to the right for the PM’s.