The Week For Silver
Will the Tremendous Tuesday mini correction set up the rest of the week the way I was looking for? As they often do, the Tuesday correction has morphed into a two day affair. For a moment, it appeared the inflation number would cause a new run higher. The banksters stopped that cold and it looks like while some positive divergences are appearing in the miners, today is likely to be a quiet grind higher. Let’s hope Thursday and Friday can provide the expected upside fireworks to get silver into a $37-$39 range. I
Load up on a big break the miners need a breather and are out of momentum. Ugly candles coming off the highs.
Yup, TFH – watching the underlying shares of my now-sold calls is rewarding. Will reload when the metals and the shares calm down a bit. My PF was actually up slightly this morning thanks to some quick buys on juniors.
Next round going UP should put a smile on shareholder faces.