As you've noticed by now, The Turd has a few of his own technical patterns and formations. "Poseidon's Anchor" is a favorite which worked pretty well again last week in the bond market. This new one, however, might be my personal favorite.
We call this the "FUBM" formation. Since Blythe has decided that her modus operandi each day is to raid gold and silver at 9:00 am EST, the subsequent reversals and rebounds courtesy of the BoS stick out like a big, middle finger. My mental picture is that of a Saudi prince, in full headgear and robe regalia, with one arm extended, giving Blythe the finger. Here's what it looks like from a traditional, technical perspective:
Watch this, too. Potentially very important: