Setting Up For The Surge
Both a catapult and a slingshot, as well as a bow & arrow, require a pulback move to generate force for the ultimate forward thrust. Silver, and Gold to a lesser extent, just had that pullback move over the last two trading days. That occurred after Silver had risen for 6-7 days and gained $20 dollars. The pullback was between 2/3rds to 3/4’s of that $20 rise. This reset sets the stage for the next SURGE. First, back to and past the recent $90 high, then to the last resistance at $95 – $96, before attacking and exceeding the ATH made in late January, around $121. As indicated recently, the chart suggests $170 around July 4th.
SURGE BABY SURGE
GIDDYUP – Hi Ho Silver, Away!
Like Waiting for Godot…..
Unless it hangs around $82-86 on this leg up. It’s going down again even lower. Just prepare with some cash.