Supply & Demand

The long-term silver chart shows - before any cyclical upward movement - an important element: a large double bottom.

Gold appears to be breaking out. Silver looks ready for its next big move. Dollar resuming its drop.

In a world that cannot survive without incessant deficit spending, money printing and negative interest rates, there is clearly something very rotten.

The long term view is very bullish. We're just getting started, even after moving up around 40% in the last 3 years.

Breakout before the end of the month or deeper pullback.

China has added more than 100 tons of gold to its reserves since it resumed buying in December, reinforcing its standing as one of the major official accumulators as central banks stock up on the precious metal.

Since 2011, it had been verified, month after month, that the bullion bank’s trading software for silver is based on the Fibonacci’s fan. Each time that one of this fan coming from the 2011’s high is broken by the price going upwards, silver cannot mount durably if there is not a pull-back on it,...

Expect many, long, boring spells. During the early years of golds last big bull run in the early 2000's, there were many multi-month pullbacks and consolidations...

In the next few years, Central Banks will lose total control of the financial system. But they have really never had control. They believe themselves that their actions are beneficial to the world economy when the real truth is that they are the root cause of all financial bubbles and collapses.

Unless something very dramatic happens on Monday, we are not going to get a reverse symmetry breakout. A pullback is much more likely.