Loading ...Silver
We should know around 8AM when the Comex floor session begins. Silver had a huge correction. It bounced on Monday & Tuesday and has now had the back test. It isn’t going down from here. Either it begins to rally, or it drifts sideways for two days. If I were a futures trader I would go long, right here. I don’t know if it will be an aggressive rally or a weak bounce but odds favor up rather than sideways. We will see soon.
Thanks for the commentary
I assume a correction as Armstrong says into the week of April 13. I base that on just a feeling that the excitement for the big move up everyone expects needs a good pummeling. The easy trades are gone. I hate it.
gold buzz talks to a Sprott manager.
The manager says silver down to minimum 60.
Doesnt go higher until end of May.
Sounds right, unfortunately.
So far, so good. The targets that will decide if this is just a modest bounce or the beginning of a much larger rally are 4600 for gold and 75 for silver. Tomorrow afternoon would be nice for those targets to get reached. That would be the sign next week could be big. If not reached tomorrow, a modest bounce at least until those targets get taken out.
What bounce?
Im betting no bounce… any takers..???