#003-3.5 SILVER RALLY TO SEPTEMBER 8TH
This is an update for #003-3.3.
1. In this chart the light gray line was the line I drew in #003-3.3.
2. The black one here is the "reasonable one" I am forced to favor because of short term regression restriction on silver price through June 12th.
3. If some how we are still at 26 area by early June, this a situation where I'd buy SEP 15 calls.
NOTES:
1. Think about it this way: If silver is 36 at 7/10/21, shouldn't gold be above 1925?
2. So what does that reference for gold?
A. current regressions say that Gold should be in breakout position (2000) around 8/22-24
B. current regressions say Silver should be above 43 by 9/8
C. so the run where silver break above 36-37 will happen the same time as gold breaks above 2100.
1. In this chart the light gray line was the line I drew in #003-3.3.
2. The black one here is the "reasonable one" I am forced to favor because of short term regression restriction on silver price through June 12th.
3. If some how we are still at 26 area by early June, this a situation where I'd buy SEP 15 calls.
NOTES:
1. Think about it this way: If silver is 36 at 7/10/21, shouldn't gold be above 1925?
2. So what does that reference for gold?
A. current regressions say that Gold should be in breakout position (2000) around 8/22-24
B. current regressions say Silver should be above 43 by 9/8
C. so the run where silver break above 36-37 will happen the same time as gold breaks above 2100.