Silver’s small rally out-of-the-chute Sunday night is little better than Gold’s, hinting that they will merely reinforce each other’s timidity on Monday unless news arrives in the form of a fresh Eurocrisis. That said, the December contract is working on a legitimately bullish impulse leg, albeit a very minor one, that at the moment augurs at least slightly higher prices. There has already been one ‘camo’ long in this dither that would have produced a “successful” trade to a minor, 34.855 midpoint, but we should wait for a fresh ‘camo’ signal predicated on a pullback from above 34.985 before we even think about pouncing.
