AndyM

Silver - nice triangle completion, 14.20->12.80 movement ahead.

FX:XAGUSD   Silver/U.S. Dollar
448 0 13
We now have more clarity on Silver             and Gold             . Silver             seems to have started wave E of the triangle, and Gold             has started wave 5 up. Both are supposed to unfold within a week or so. Silver             is interesting because the triangle is always followed by a powerful thrust - in our case we will see a sharp decline from ~14 to approx 12.80. But since Silver             and Gold             mostly move together, I also expect a 100$-worth decline in Gold             to occur at the same time - really fast. A matter of 2 weeks or so.

So, staying patient for now. No short entry yet. Still more time needed for the waves to unfold. Patience is Gold             .
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