The metals have risen overnight. It’s 7:18 am EST here, and gold is up $6.50, and silver up $.23. Could this possibly ignite something? That’s what we’ll be looking for today.
With the pop Wednesday last week, and no confirmation, follow-through day yet to seal that deal. This is day 7 after that one, and ideally we want to see the high-volume, larger price move type of day to fall within a 4 to 7 day window afterwards as a way of saying that a new rally in the metals and miners is lifting-off.
Barring that, there are 3 more days afterward in which that can still happen, but it’s usually less reliable and certain.
May today be that day!
Here’s to your accumulation of real wealth!
Harold F Crowell