Should see a bottom in silver this week when waves iv and v of (c) complete to complete wave 2. A break above $25.50 prior to this occurring indicates that the lows are in and wave 3 is in progress. Silver & GDX have the same wave counts but gold is showing a more bullish set up which if triggered may result in GDX & silver breaking out sooner rather than later.
I have posted a summary from another paid service below. 10yr T-note appear to have bottomed and if the case is bullish for gold. This analyst believes that the USD strength does not affect gold as much as most believe. Gold follows 10yr T-note a lot close than USD.
BML Price at posting:
20.5¢ Sentiment: Hold Disclosure: Held
