Silver
Nominal silver (as opposed to its ratio to gold, which is my major interest) may find logical support at the visual cluster at 30 and the 62% Fib. All well and good for a normal pullback.
But when we begin to think about the crack head hysteria that drove silver to disobey NFTRH’s ‘best’ target of 34 and propel higher in its parabola, we begin to question ‘normal’. So, an abnormal pullback can smash the Fib if it so desires. The mainstream seems to be getting the memo that there really is no inflation problem. I think a lot will depend on the severity of their knee jerking.
Meanwhile, the precious metals are first movers and are the place to be looking for signals to remain on the front edge of things; these being monetary events and all.
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