Wednesday 19 December 2012
After this, what has to be a totally unexpected decline in the
precious metals, silver closed on the very low. Watch how
the market responds from here. Not infrequently, these kinds
of closes can mark a turnaround.
We are not calling for one, nor is any recommendation being
made, [other than to buy the physical at his level], rather, we
are pointing this out at the time and not making the observation
in hindsight. We like closes like this but must admit our study
of them is not conclusive enough to draw a consistent conclusion.
If price does continue lower, soon after, well, like we say, this
is not yet a definitive study.