I posted this on another board but think it is relevent. This could get volitile.
Nov 23 1757.90 A point
Jan 4 1627.90 B point equals 130 point swing
Jan 17 1699 C point
Feb 15 breaks the B point with increased volumes
Feb 19 continues pushing with volume
C to D point 1699-130 = 1569 1:1 or
1699-180= 1519 1:1382
1699-210= 1489 1:1618
What are the chances that the last day in February is the complete opposite in the precious metals sector compared to last year at this time. Last year the silver price hit the high for the entire year on February 29th at 37.43 and gold was hitting 1790.30. With the exception of gold which traded up to the 1795 level in October, the last day in February marked the high water price essentially for both gold and silver. Now what are the chances that both PM's mark the low for the entire 2013 calendar year on February 28th and it's hi ho gold and silver from that date onward.