As I’ve said, precious metals are the only asset whose ascent I am cheering. Or was cheering, more accurately, since it’s been getting dragged down with all other assets. Silver, for instance, has lost about 15% of its value.
I’m down on silver now, but instead of dumping it, I added to my position at the opening today. Yes, yes, I know, Mr. Paul Tudor Jones, losers average losers. All the same the problem wasn’t that silver sucks. The problem was that I didn’t wait for a good price. The inverted H&S pattern is still firmly intact. It would take a failure of 23.87 for me to finally turn my back on silver.
