Wednesday, May 31, 8:27 am EST. Well, gold is up a bit, and silver is off a smidge. Prices are still bouncing around, and I expect the miners will do the same.
There’s nothing really going on just yet, and technically, the charts show near-term support and resistance that is making prices bounce around much like a pinball.
So, let’s not be the least bit concerned, and continue to watch and wait, as there will be a move at some point in the future, as either this support, or this resistance, will be broken. Then there will be some opportunity, perhaps, to put on a trade.
I’ll update the timer, and perhaps draw some lines… maybe, between the two, I might be able to hazard some kind of a guess as to when we might be able to expect a real move to commence.