Jeff the run up 20.03 to 27.66 was a strong move, Sometimes the retrace after a strong move is shallow. Price is nearing 5 waves down, a place to sell shorts, if you are short. The 5 waves down could just be I of C and we have a lot of downside left, but still a place to step aside and watch for a while. The silver retrace seems done . . .hourly rsi is down to 21 and was 18 a bit earlier today. I will be extending the fibs below the low today and seeing if it makes sense to go lower, likely could be the case, we will see.
8-4-14 pm. Metals going green; oils in focus higher now cop, eog, fang
Not following the pro bearish stance on both currently, what does this mean!
To me it means they are wrong and that geo political events will rule
Silver continues to drop for whatever reason. There is no way the fed is raising rates as they cant and they know it. If anything they will start QE up back again as the market continues to drop. Silver should be flying.