Never put too much faith in a chart drawn with a crayon.
multiple reverse head and shoulders lower right shoulder buy EXK ready for higher silver.
Silver may only make it to just below $20 for most of 2017. Look for a break of the range in the fall.
Gold may have bottomed, this is a plan for the beginning of 2017.
This is a small miner, with a new project expected to start production in H2 2017. Buy on weakness. Targets are the red dashed lines.
I feel this is the most likely path for silver.
go short on a break of the red line, with a target of the blue line.
A break of this consolidation should give the direction of the next trend.
I think this gap will be filled. A break of the blue support should be confirmation of the move lower filling the gap
I drew the 4 coloured lines as potentials quite a while ago, you can see where they start. The yellow seems to have been close to the correct path, the price they end is very much more important than when they end. The 65% chance is from the time I drew this.
I believe it is quite likely that gold will hold this yellow range for a while.
New opportunities every day. Chose only the trades that have the greatest chance of success. More important than making money is, keeping what you have. In this chart gold is between the red support and green resistance. No matter how convincing an argument for a direction or pattern, they are just one possibility. Anyone who says "this will happen" does not...