Hello Sunbrookplace. Right now, I think that SLW will go to 21.02 here shortly and then go down to 20.34 / 20.35 either today or tomorrow.. This will complete the C five wave down correction. Once we hit the 20.35, then head up to 22.80, but I need to see what the first wave will be in order to pick up an exact price point. Hope this helps you out. 20.34 / 20.35 should be the bottom before we head back up though.
I have also been trying to follow you both...Sharpie Cowboy, and I appreciate the work you guys do. However; I find the charting thing very confusing. I bought a small position just under $20, and was thinking to add significantly to that until i read the Louise Yamada article this morning, saying that she expects gold to go to $1000. As a investor not a trader, what is a good point to be adding to my position....appreciate both of your feedback. Thanks.
An 8% up day would reach the 22.90 tomorrow, hate to expect one even though they show up every now and then. Would need to start with a 50 / 60 cent gap up. Silver futures up about 8 cents since SLW close.