One Minor Final Chop – Before The Large POP
Later today, probably into tomorrow, the metals and miners will likely have a relatively small pullback. That may be the final, decent entry point(after ALL the great ones recently outlined) before a much greater sustained move higher. Gold has cleared it’s resistance formed during it’s 5 month consolidation but I don’t see any urgency in it’s future climb barring any major geopolitical and or economic issues. Slow and steadily higher is just fine for it. Silver, on the other hand will soon be breaking out of the $39-$44 congestion zone that I have discussed on numerous occasions. Once through it there will be some final resistance between $48- $50 before it explodes into the stratosphere. It may take all of September before entering that previously unchartered territory,(I wouldn’t bet exactly when that occurs), but when it does we will likely ALL be shocked by what “true price discovery” looks like.
You’ve been spot on for a while now CM
You Go Man