Hey Ronbo,

Yup, it has turned out to be a very interesting week, just like I predicted last Friday, lol!

Silver is looking very good here and appears to be nearing a major breakout to the upside. A nicely defined 'cup n' handle' formation can be seen on the SLV chart with the red line being the trigger. Could cross that at any point or day now. That line remains resistance for the moment but a solid move and close above it could/should prove explosive. I exited all short positions last week and am now positioning long in the sector, with particular attention to the precious metal equities. That group (HUI, XAU, GDX, SLW, etc.) turned in positive closes yesterday despite the hard sell-off in both Gold and Silver. Quite telling I think for a beaten down, long underperforming, and much loathed segment of the market.

I expect we should know how things are going to play out within a week or so as Silver and Gold head into one of the most bullish parts of the calendar. Best of trades to us both going forward.