With Gold breaking through $1,260/oz. and Silver breaking through $18.50/oz. a Blue Sky Rally has formed in both the metals which will carry Gold to $1,400/oz. and Silver to $24/oz. A measured move is now underway.
With Apple, Google and Tesla now rolling over to the downside, expect to see a major Nasdaq crash on Monday, April 24, 2017. It's been a nice ride from the March 2009 low, but that ride has now ended.
Closing short position in Gamestop (GME) on the bounce up.
Closing short position in Dine Equity at $46.12
SLV has taken a beating since peaking at $48. Yesterday's trading brought price to $21.96 before mounting a comeback and is up 4 1/2% in just two days. The overshoot of the 61.8% retracement level has been meaningful, so the discount for buyers is very good indeed. GLD has been racing higher since making it's low on April 15th.
What say ye fools? Are we staring at the bottom of the silver market? It looks like it to me. [more]