Many $gold analysts, Clive, Turd F, et al have taken the view that the COT reports are so overwhelming bullish that a new upcycle is now in progress. I had been looking for a rebound rally and we finally got it. We go down from here. The silver stocks and even gold itself were not low enough to complete this Int. cycle low so I bought SLW puts several days ago. After all the hoopla I’m only slightly down. Look for SLW to break below $11.00 !!
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