Not meaning to get stuck on this but to clarify again what I am looking at in respect to silver.
I the last significant turn date was 24/25th August. It marked a high just above $44 on the 22nd. Originally I thought that the date in August would mark a LOW but the cycle has inverted due to the early seasonal breakout in the PM's.
The next turn date is 21st October. That is almost exactly 180 days(degrees) from the April high.
I am enticipating a broader market collapse this month and the chances are that it could take the PM's with it.
The strength emerging the last two weeks needs to be taken seriously here and may be warning of a '08 tyle washout.
lastly but by no means least is the COT and the position of the commercials.
Regardless of how you feel, they should command our respect.
They are defintely accumulating here, but don't think they wouldn't be happy to see another washout if they had the opportunity.
Stay alert and don't became complacent.
Cheers
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