It is clear that gold will need to hold and double bottom around 1470. Silver needs to hold 33.
We're about to find out if that's going to happen. More later.
p.s. Keep in mind that (other than gold retesting 1470 rather than breaking higher) nothing happening today is inconsistent with what was discussed here:
The object of the note above was silver and silver is still above 33 and basing. Until and unless 33 fails and silver heads to 30, the timeframes in the note are still valid.
We shall see.
And this is for "shill".
Lastly, I try to keep up on current events so as not to look foolish by making hopelessly inaccurate posts. I need a little help. Everyone now says that QE is ending in June, as if its a fait accompli. Did I miss the formal announcement? Was there a press release sometime in the past two weeks that stated this? Seriously, I don't remember anything of the sort.
I remember that weird Bernanke "press conference" which caused the metals to skyrocket in the hours after but I don't recall anything from the Fed since that officially declared QE over.
Can someone help with this?