Well, Here we go again. Garbage In and Garbage Out. Hamilton sees a breakout last week and does a Sinclair “this is it” commentary. He has absolutely nothing to back that up. Silver is undervalued…this is news?
Last weeks breakout comes within an Int Cyle low that is now 9 weeks old…PM’s having bottomed on March 17. A few more weeks to go…perhaps OK. But, then we have the Summer Doldrums low to look forward to and just maybe the long term cycle low of this entire bear market. Even though I’ll probably be playing some short term call options CAUTION is still the watchword till after the Summer lows.