SVL chart, page-400

mmmm vanilla technical analysis....... may as well flip heads or tails.

You really have to go into multiple time frames and think in terms of supply and demand. On the larger time frames, AU/AG are on a breakout of multi-year resistance. If the trend is strong, as it is, it'll go sideways for a bit and keep going, if there's a bit of weakness it'll go pull back a bit, but then reverse and keep going. The prices of AG/AU are clearly building up more energy, testing resistance and support. On balance, the trend is up, nobody is shorting this market and current shorts are getting squeezed by new longs. AU is at all time highs and is clear of old resistance, that means the only sell is from profit takers, who won't be taking profit until there is enough profit or the current circumstances mitigate, so with a bit of luck, it'll going to go parabolic--which will drag up the AG.

Devil take the hindmost. But don't be a wimp and leave money on the table.