Loading ...Both Silver and Gold bottomed last month in the middle of the night by what I call the Midnight Marker. Silver dipped to $22.28 and Gold dipped to $1675.90 and both are marked now on the monthly charts as being the bottoms. Of course there was nobody there to buy those bargains but that’s beside the point. The point is they were marked! Now this month Silver is back-testing last months low and has come within 3 cents of last months bottom, so IMO that’s “it” for Silver. Gold on the other hand can but does not have to drop another ~$70 without violating last months marked bottom, so IMO that’s the game they are playing and will continue to play until they get the shares where they want them. Kind of a up/down/yoyo strategy until they have bled all the sucker day traders possible and the banks and brokers are told it’s time to let the sector run to its next preplanned top! The clue to the turn up will be when $HUI hits +-210 and $XAU hits +-120, so we’re getting pretty close!
I’ve previously given my thoughts on time and price of the next $Silver, $Gold, $HUI and $XAU tops…. and none have changed. They are ~$115, $3672, $1000, $321, before the end of 2022.
All The Best From Silverngold and hope to “see” you there!