Loading ...Obviously The SIGNAL Has Been Triggered
“I am waiting for a signal regarding the PM’s(especially silver). We are so close, but they usually don’t turn it loose, late on a Friday afternoon. That is why it is possible, because it would be the signal that the next leg higher for silver has been triggered. The charts say it is primed and ready, but the percentages suggest it will probably stay under wraps, in a tight consolidation, at least until next week.” My brief but important post late Friday, said we were very close to the next leg higher for gold & silver. Well here it is! Important details to follow later this morning.
Wow! The action overnight is wild! I’ve seen this before, however. The last big push to suck everyone in. I’ve learned to be disappointed. I have rarely seen charts so encouraging in the miners. Nearly everyone of them is at the an obvious low point in reaction to the jolting break in gold preparing for the next move up. The MACD and Slow Stochastics are utter perfection. Almost too perfect. ORLA is amazing, ready to break out of an extreme consolidation of huge moves up and down within a massive consolidation pattern. The silver miners are poised for a giant move as well. The beach ball is ready to pop out of water. Am I too excited? Probably. I lost around 15% in nearly all my big miners, half of which I held before buying again the sold half at their lows well below where I sold. I hope this move will give me back those losses and more. Thanks Chartmaster. I was able to get back into Hecla at the following low after the big pop I sold into.
Your welcome, HL, as I have been saying for about two years now and especially all of this year, is going to be the “Poster Child” for this PM bull market, much the way that Homestake Mining was for the 1930’s PM bull market.
Just noticed something interesting, looking at the Gold chart. Not a prediction, but a very possible, symmetrical suggestion, puts gold at $5000 on New Year’s Eve.
Great Call CM !!
We are very likely to see at least one sharp pullback sometime today. 8AM is often when they do so. Whenever it comes, buy the dip and ALL dips going forward.