March 31, 2010
Silver has a well documented history of lagging gold until later in moves at which time it accelerates and outperforms gold later in the moves.
We are about to commence on wave 5 of 1 of MAJOR THREE. That would mean that wave 1 of MAJOR THREE is coming to an end and it would fit historical patterns for silver to outperform during this time period. In order to confirm that the race has begun, silver needs to make a higher high, which I have drawn on the chart. We are close to this level, but, it remains to be seen if it will happen today, next week, etc… Once it does though, we will probably be off to the races.