Morning all. I really should add to my previous post. Here is an opinion from Michael Oliver that I think is accurate and important to our timing with our next moves. His update on silver at 12:30 is more than interesting but I like the whole of the interview.
Here is the latest charts on both Gold & Silver. That shows a lovely compression that I have not applied trend lines to but you can imagine them forming a triangle which is coming to a point right now. I will give it until about next week or soon after before we see the next serious leg up. For those of you that may notice- there is a H&S here that indicates a further drop but I predict will be a failure. Certainly not 2,100 that I have heard suggested. Any possible move down will be very limited.
Here is the Silver chart which I see as stronger than the Gold chart in that I think it has more TA catalyst for an explosive move upwards.
Silver looks like it could possibly take the lead here.
Timing for a drill campaign could really be well timed now.
On a different note, I leave in 2 weeks for NW Australia. Will be gone for a couple of months so limited posting through that period. Happy to leave the position unsupervised during that time given the PM outlook.
Kind regards, Wack
USL Price at posting:
14.5¢ Sentiment: Hold Disclosure: Held
(20min delay)