SILVER and GOLD meet resistance (short term). They held up well on a 550 point DOW upday yesterday (bullish). SEE these two charts that bode well for the metals "going forward".

Good morning my friends.

Yesterday morning at the open of trading we called a big up move to happen in the US equities immediately. Actually I sold all equities (except miners) one month ago at 26,500 (DOW). 12 days back at 26, 996 we wrote CAUTION.

Sentiment indicators are extremely bullish and they still look really good following yesterday's 550 point surge. We said after the 1000 point decline we see very bullish indicators, yet the DOW plunged another 700 points!. I see higher prices on the horizon, maybe back to the old highs and maybe not! Let's watch the public and when they jump in (late). That never fails.

But to gold and silver They held up well. Some people say they pulled back due to the big dow run up! NO. See the charts below. The stalled at resistance. A trade buys in Sept below the lower Bollinger Band and lightens up with the move (both metals) above the upper Band.

You can see by the charts that earlier in the year buying didn't work well when below the lower band, thus the prudence of "stop" orders..!!

Please see the seasonal charts below. While it is far from a "blueprint" being an avg. of movement over many years. We are to enter a period of seasonal strength. That is a huge plus and I believe this year plays out to our advantage.

I believe downside here is limited in Gold and silver. the lows of August and September will prove to be the best buying opportunity in the last twenty years. Let's see if things pick up steam in November after a brief consolidation.

In addition, watch for the dollar decreasing in 2019. I'll write on that later (and not for the first time). We will be experience a major slowdown in the economy. Watch China and the trade war. Watch fuel prices! (going higher).

Thank you for your support, and your comments! Please do your own due diligence, the opinions above are mine.