Thursday, January 12, 2012
Oh-oh - Two Horses Just Got Out of the Barn (SI + PL)
OK - this is getting interesting. Silver (SI) and Platinum (PL) have opened the barn door and started to run to freedom. The farmer will, without a doubt, start to give chase - with rope in hand - but I think it's too late. It's just a matter of time now until Gold (GC) and Palladium (PA) hear all the commotion and decide to add to the excitement with their own burst to the great outdoors.
What follows are three charts of Silver Futures (SI). A daily, 4 hour and 1 hour.
Then a chart of daily Platinum Futures (PL).
The farmer has a big fence around his farm and so the animals are still contained. He'll catch up with them and do his best to pull them to the ground. And at times he will probably succeed. But most likely this is the start of "Something New" and things will never be the same again.
Long live gold's secular bull (and the horses).