silver has pulled back 38% at 40.85. Next support is 50% pullback at 38.00 If that does not hold, I’d love to see a melt down to 35.25.
Right now it looks pretty ugly for the metal bulls. Especially those who followed the hype and bought off fear.
Gold should drop back to 1502 or possibly 1478. 1455 would be a screaming buy.
Grains look like they are ready to head lower. I’d be careful getting long here. There’s a lot of work to do after a double in the last 8 months.
Good Trading
CER
