Cyclic turning points are typically characterized by the breaking of a significant trend line. This can be either a breakout of either a consolidation pattern (triangle, parallel trading channel, etc) or reversal of prevailing trendline or even both. As of this evening the latter outcome is well within reach - a concurrent breakout of both the 2-month downtrending trading channel which shares the prevailing down trendline. Depending on how the parallels are drawn, either the b/o took place 5 days ago, then reversed and bounced off the bottom trendline yesterday and is now climbing higher (bullish pattern)..... OR the breakout takes place in the next few days. This evening the POG is within $40 of breaking out. Hardly a bearish scenario but this does not discourage TPTB from desperately attempting to trash the PMs in the overnight markets beginning with that rapid $20 selloff at 8pm EST.