Full moon is a silver (by implication gold) Buy.
In a crazy sort of way, 6/17 was projected low for gold, however a similar freakish behavior took place at the last projected low of 6/8. On 6/8. no real correction of magnitude had taken place only sideways for two days action after GLD had put in its last bottom on the gap three days earlier from its recent low. Again, on Thurs GLD violently went higher and corrected 38% yesterday all in one day. Today, it made an inside day on yesterday's key reversal move.
If today was the low, then it may be ready to go again. I wouldn't call that a correction, but based on its behavior, I think we accelerate from here.
Some corroborating data is that 1) it had inside day today on 10 day high. It had a key reversal on a 10 day high of Thurs. The key reversal in silver is 65% in day one and greater than 60% out for a week,but gets to >70% over next month. The inside day says the buy odds are greater than 61% over the next week and get as high as 70% 16 days out. These two formations in silver are high reliability buys on that signal from Williams.
Added to my GLD calls yesterday (near high) to those from the recent low, so I am positioned well for this trade. If it goes I am looking for GLD 148 (add 24 move (from base of 100 to 124 in wave 1) to wave 1 top in making wave 3 of I up.
