I’ve used a pattern similar to the one in the latest Gold tout (see above) to project a rally over the near term to at least 86.105. The previous tout implied the futures would already be there, but I don’t recall what I was thinking at the time to suggest that the rally would be so steep. It has already triggered a ‘mechanical’ buy that paid off with a more than $6 leap. However, if the futures should dip to the green line a second time, I’d suggested taking advantage with a bid there and a 61.20 stop-loss. This implies more than $3000 of initial risk per contract, so a small-pattern trigger is strongly recommended to cut that down by as much as 95%.
SIK26 – May Silver (Last:72.770)