Silver has now poked its head above two signal lines — the downtrend line and the horizontal line. This is definitely like the first pushing up of a crocus — but it is happening in PGM, platinum and GLD also. In fact there is no way these in any of the three can be described as power bars, but something is going on.
Spring and the metals are acting like croci — poking their heads up
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I think what may be going on is that consumer and wholesale price inflation is beginning as indicated by the increase in the 30 yr UST bond interest rate chart ($TYX). This is also indicated by the probable near-term decline in the Dow as it looks toward a tightening of interest rates