We devoted the entire sessions to Comex gold and silver charts, poring over a promising rally that has unfolded in the opening days of the New Year. Futures contracts for both metals had triggered conventional Lindsay “buy” signals earlier in the day, but there was a question as to whether the signals were subtle enough to be used for purposes of camouflage entry. The answer was a qualified “yes” that touched on the psychological dimensions of the charts. Indeed, the ultimate goal of Hidden Pivot analysis is to move beyond the mechanical rudiments of the system and toward a nuanced understanding of the psychology of markets.
