by: Turd Ferguson
July 19, 2012
I’ve been on vacation long enough. Batteries are recharged. Perspective has been gained. Things are about to get very, very interesting in the metals. I’m ready. Are you?
Both metals are rapidly approaching a conclusion to their long-term, corrective patterns. By Monday, I’ll be able to draw on these charts again but, for now, you’ll have to use your imagination. Connect the tops with a down-sloping line and connect the bottoms with a horizontal line. These “descending triangles” are near their completion as both metals are working themselves into the very tight, acute angle at the far end. WHEN they break out and UP, what is happening will be clear to all. The hot, explosive summer and fall will have begun. Be ready.