OK...so I'm back prematurely, but this is classic stuff!; a 5th and dramatic assault on the area of December lows has just been initiated. It is a MASSIVE attempt to break G&S! transpired. KEEP THE FOCUS ON THE 1:30 EDT CLOSE.
Remember that intraday gold low was $1354 last Friday, so a slight breach of $1360 is acceptable, but silver absolutely must close above that $28.30-28.35 zone, especially if it slips a bit below as is occurring now. There has been no BREAK below anything as yet, a good sign.
Will this be the final general test of Dec. low zones.? An even better question is WHY these lows have thus far resisted all these assaults? CNBC talking heads, being too ignorant to know that nearly half of gold's fall occurred yesterday afternoon, are absolutely burying gold..."The bubble has burst", and gleefully decrying, "Gold is getting absolutefully crushed today ", and "We could be be back to under $1200 in no time". Yes, they are women, but ignorance is ignorance.
...cant tell you how impt. today is in defining the extent of this retrace both in terms of price and duration. ECU Silver, needing that surge from $1400 to 1600 to triple in price, is willing and waiting....come to think of it, so are we!
...off to ro run some big circles in Memorial Park and let this unfold.....pic
