Someone in the chat room mentioned the prospect of Silver leading Gold in the next rally cycle. I won’t quote odds on this bet, but I am pretty confident about where March Silver is headed over the next 4-6 days if it closes below 17.070 for the week: to 16.325, a Hidden Pivot extrapolated from the nice pattern shown in the chart. That would be a back-up-the-truck buying opportunity were it not for the pivot’s close proximity to some supportive lows recorded in late October and early November. But it is a buy-able pivot nonetheless, as well as my minimum downside target for the near term. Please note that the odds of a further correction would be significantly diminished, and bulls returned to parity if not immediate dominance, if 17.605 is exceeded today.
