Yesterday, I liked What I Was Seeing – Today, I LOVE What I Am Seeing
Last two paragraphs from yesterday. “The next tell, will be a selloff and recovery to higher dailey highs, all in the same day. That may occur as early as today, but with Powell testimony today and tomorrow, not sure.
Still feel there is a real good chance of $35 comes Friday.”
Today’s slam came courtesy of the CPI number and as I was looking for, we have just taken out the highs from early this morning on spot silver. That is the reversal I have been looking for to release the slingshot and propel up towards the $35 target for Friday. It will probably be very volatile with wild swings but working higher from now on. Hi Ho Silver Away!
Watching and waiting. What a recovery from the lows
We are going to see a sizeable drop in the GSR over the rest of February. Gold will likely trade between $2900 and $3000 while silver goes to and thru $35.