If you ever wanted to save a chart for posterity, here is one for you. A perfect, three-stage Cartel raid of the gold Comex.
So, what did today's mission accomplish? Take a look at this 4-hour chart:
Silver still has the potential to break free of its current shackles and run to 42 or 43 by the end of the month but time is, unfortunately, running out. It is still within its pennant formation and may present a buying opportunity around 36 but anyone buying there must have a pretty tight stop. While a break of the pennant to the UPside would indicate a run to 39, 39.50 and even 42, a break to the downside could take it all of the way down to 33. Yikes.
Keep checking back today as we are in the final stages of preparing the new site and I hope to have it ready later on. It's a great new playground for us. Not the fanciest thing ever created but it will widen our conversations and provide some fun, new wrinkles, too.
Hang in there today. TF
10:55 EDT UPDATE:
I figured some of you might be looking for a crude update.
File these two away for posterity, too.