Next week could involve a decent shake out event in the metals.\u00a0 This week’s action looks like nothing more than fugly bear flag action after a waterfall decline.\u00a0 Typically the bear flag represents a half way point on the way to hell.<\/p>\n
If we are to get a major rally, I imagine the shakeout that precedes it could be very scary.\u00a0\u00a0 If such a move does play out, I would want to see a large reversal by the end of next week or the week after though.<\/p>\n
We’ll see I guess.\u00a0 I am still firmly in the camp that we are in midst of a 1-2 year consolidation and that we have at least a few more months of sideways to down grind before it reverses and we finally break out in the fall or winter of 2021.\u00a0 I’ll gladly take a move to $50 in silver starting now though. \ud83d\ude42<\/p>\n","protected":false},"excerpt":{"rendered":"
Next week could involve a decent shake out event in the metals.\u00a0 This week’s action looks like nothing more than fugly bear flag action after a waterfall decline.\u00a0 Typically the bear flag represents a half way point on the way … Continue reading