~*~Mining and Metals Du Jour~*~

[123tom]

from Jesse's cafe americaine...

the precious metals slam down...
http://jessescrossroadscafe.blogspot.com/2016/04/stock-and-precious-metals-updates-as-of.html

just when it looks like its taking off again...oops...not so fast there gold and silver...


so gold remains within the right shoulder resistance zone...and silver shows the 16's are still in play, ... and this wasnt even a sunday nite smash.

what are the lessons here...that its dangerous to buy any top side 'breakouts'?
that the cartel still has some control, if only here and there?
That the chart pattern still has a pullback potential that could take gold below 1200 and silver back to 16? maybe lower? I dont know how far down the summer pullback will fall. the last 3 years the downtrend took it to the end of the year at the bottoms. maybe 2016 will be different, but where to now ,who knows? I only know I will Not chase it higher. because of days like today.