Although the bullish pattern shown is very different from gold’s, it has the same encouraging energy and vitality. Its 31.51 target looks very do-able, and although we have a higher one at 35.02, this lesser pattern should suit us better for the near term. That means a pullback to x=25.718, however unlikely, would offer an excellent opportunity to get long in order to augment a bullish position or perhaps initiate a new one. More immediately, the robustly impulsive ABC pattern begun from 26.78 on 5/13 could prove useful for setting up an entry trigger on charts of lesser degree. Stay tuned to the chat room, and don’t hesitate to make your interest known, even if you are new to Rick’s Picks. Crowdsourcing is encouraged as always.
SIN21 – July Silver (Last:27.48)