Yeah, it looks like he wrote that right before PM prices jumped off a cliff.
If there is anything that has been reiterated to me over roughly the last year, it is that it's difficult to predict PM price movement. I think just about everybody from analyst to average joe has been wrong in their predictions.
It seems like surprise is no longer surprising as anything can happen even without apparent cause.
Good comments toshisondm. Nice to hear from you, its been a while indeed!
Some comments, ... not questions. So if we get a shot over the bow of the USS Abraham Lincoln in the Strait of Hormuz, we spike up sharply or if the helicopter takes off and sprinkles green over the U.S. we take off. How about Israel takes a shot at Iran or vice versa, we take off. If nothing at all happens we go sideways "at best". If a Euro/Country bails out, we drop like a rock or a bomb goes off in a large U.S. city, GOD FORBID we tank!
Conflicting reports to say the least! but my charts are saying, ...
1. A bullish Inverted H&S. 2. A W%R bottoming. 3. A MACD thats turning positive. 4. EMAs are lining up below the share price, we just need to get the 50 in-between the 20 & 200. 5. A Stochastic at or just above center turning up. Not sure this will open but its all viewable if you know where to go.