Clive Maund theorizes that the recent silver action may be a precursor to a “superspike” like back in 1979-80. As he cautions, these events only happen once a generation. I would argue that it would not suprise me and we are positioned for a spike. I think the odds favor a pull back as we are way overbought at this point. However I am ready to let the market tell me what it wants to do.

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