I follow a large # of indicators for my model. Of interest to me today is that we have the $ down; gold and silver slightly positive; short term Au/Ag lease rates negative; and the XAU and HUI both looking too strong for the slight move in the metals and the stock markets.
In the past when these indicators all ligned up, it was positive for the metals over the following week of so.
Given that the cabal has been out in force for a good amount of time leading to OE, in the past it was nearly assured that the price of the metals would recover soon after OE. However, over the last six months we have observed that the price of the metals falling after OE. I have mentioned before that this taht I interpret this as the cabal needing to keep the price down in the paper markets while they acquire physical to satisfy the small % of paper that is both in the money and demanding delivery.
Given the strongest gold market guru's are suggesting that we are nearing a significant pop in th metals, and the large existing shorts on many Canadian jrs, I am very optimistic that ECU will finally start to rise with the metals. The timing may be days or weeks, but the probability of an up move for us is increasing daily!
I have been waiting for this as have most of us here on the hub. Got my fingers crossed and a tight grip on my shares in anticipation of good times coming our way!