Going through your progressions.

Silver is a great example which Frank and I went over in the room yesterday.

The discussion revolved around cash or futures in the metals when searching for a reasonable trailing stop.

Cash Silver would require closes under $48 or utilizing the 1980 Futures high of 50.36.

I can make a case that last nights low in all the precious metals are good bounce levels.

Personally you can take all the babble about
what its supposed to do and just keep it simple.

Mainstream media has been hyperbolic about the metals for the past few weeks. I sold everything Friday and I’m in no hurry to buy it back.

I want all the late comers to get screwed before I do.

Beware the false narratives. Gold has been rising with rising rates for the past 5 years. Just look at Gold /30 Yr. Bonds.

GE is a perfect example of following the longest data set in an instrument. As you can see the 1980 high will be the point of control going into earnings.