Occasionally, these cycles become disrupted, but the disruption itself is part of a pattern that repeats. I posted this chart on Whatsapp yesterday of a disruption called the short squeeze which happens over and over and over.
Then there is us.....the dumb money traders who sat on the sidelines when the buying was good and start thinking..." Maybe I will buy me some silver". At this point, who do you think is willing to sell this group of traders their silver? The shrewd traders who bought at the bottom. They will be more than willing to sell us all their shares at the top and we will be enthusiastic when we buy them. If we feel comfortable when we buy it is already too late.
The measuring target for the bull flag is around the $20.50 mark. This move will be very close to the 2016 high. This move is powerful enough to get there in another 4-6 weeks.
One other pattern most of us are beginning to recognize is that the bullion bankers are determined to keep the price of gold in check. WE should be expecting a hit maybe Sunday night or around 9:00 Monday morning. If/When this happens we do not need to be doing anything except sitting on our hands. It is not a change in trend. It is not an end of the rally. If you do anything at all you should be thinking of this as a dip to buy.
Have a great weekend!