*Bo Polny called late yesterday afternoon and said gold would fall between $1200 and $1210 today and that silver would drop to $17. Can’t get more on target than that. You might recall that he also phoned last week saying he exited his long positions in the precious metals on Thursday.
Now Bo says the fireworks to the upside commence tomorrow and they ought to get very exciting. He sent us the following this morning…
Silver Triangle Breaks!
The AM Fix was $1219.65. The PM Fix fell to $1214.30. The subsequent takedown following the PM Fix means THEY went to PLAN B.
The gold open interest was up 1917 contracts to 430,674. The silver open interest fell 675 contracts to 177,865.