Of course...today is the canadian PMs "catching down" from Friday's ambush.
Orko Silver has already reversed up and others seem to have bottomed. I have seen many lows in early July with the month up, followed by consolidation into August before a great push into year end.
Armstrong's latest at www.martinarmstrong.org "Borrowing From the Rich to Keep Socialism Going" references gold on page 7, as he gives the year end bearish reversals at $1423 gold and 30.90 silver. There is always the risk of a cycle inversion into a January low, but that is not to say he is calling for such. He is just giving parameters. His ECM is a sentiment shift from PRIVATE to PUBLIC from June 2011 to Sept 2015 with retrace in 2013-2014. Such sentiment shift will have the NET effect of increased moves away from government paper trust and into physical assets. He is saying there is not a 100% chance that G&S will rise from this summer, but odds are strong based on past major cycle turns of his public ECM.
IMO, too many are calling for G&S medium term weakness, and the PM shares are hinting that this will not occur for long if at all......pic
