A very important low in the big commercial bank net short position along with the dramatic reversal Friday favors a big move in Silver and Gold am still maintaining stops beneath the September, December and current lows, which coincide and that is no coincidence I might add. so what will it mean if silver does actually break to new lows I am not sure but looking at the ratio chart above a new low would probably be a head fake. Remember the game is to get the little guy out at the lows, reduce shorts as much as they can and pile in as cheaply as they can.so if I do get stopped out i'd be ready to jump back in if silver then breaks back above the breakdown point. |