The themes comprise the technical setups of both metals that I first described on Jan.13th in “Resistance Is Futile”. I described that the charts show no real resistance above for both metals in moving towards their late October highs.(Theme 1) <\/p>\n
I also wrote there would be a good deal of volatility that should treat every dip as a buying opportunity.(Theme 2) Following the last such dip on Friday, the metals are once again reaching higher and are likely, one final step away from reaching those old highs. <\/p>\n
It would not be surprising if we get one more dip, probably tomorrow. However, I don’t believe it will be very deep, nor likely to last very long. In fact, there is a good possibility that it leads into a slingshot move, with the metals having a sharp reversal to the upside with gold reaching $2800 and silver breaking towards it’s $35 target, a day or two later.(Theme 3)
\n Resistance Is Futile, new highs are on the horizon.<\/p>\n","protected":false},"excerpt":{"rendered":"
The themes comprise the technical setups of both metals that I first described on Jan.13th in “Resistance Is Futile”. I described that the charts show no real resistance above for both metals in moving towards their late October highs.(Theme 1) … Continue reading