Well, despite the feeling that that white horse should have won the Kentucky Derby, we must stick with the SFMI guns we have chosen...at least until we finally hit something....kind of embarrassing to look down and see all the empty shells on the ground.
Gold and silver fought off the cartel yet again today as the dollar surged and EURO purged.......and sit precariously above $1640 gold and $30 silver. Actually today was a bullish divergence as silver took out last week's low by $.05 while gold held a full $5 ABOVE last week's low. BY THIS WEDNESDAY, either this cycle will double down and invert down MUCH lower [OR] gold, silver, and mining stocks will seriously come to life. Super full moons like you had over the weekend portend big silver moves according to price and history, and since we have been bottoming for days/weeks, the upside has the better odds.
And try to keep in perspective the bigger picture. On December 29, 2011, barely 4 months ago, gold bottomed at $1524 before running to near $1790 in just 2 months to early March, then a pullback to the $1625 area about 5 times over the last few weeks.......time is up! Shix or get off the pot!
Silver bottomed at $26.10 in late December, rallied to $37.70 in early March, and has been testing the $30-32 zone for like 5 weeks...time is up!.....shix or get off the pot!
SFMI was taken back down easily and immediately today and somehow traded 460,000 shares by day's end......marking the NINTH straight day it has defended and held the $.03 to .0315 zone.....time is up! Shix or get off the pot!
For sure it all felt terrible because PM shares have virtually collapsed. Finding an unoccupied crapper won't be easy this week!......pic
