by Avi Gilburt, Gold Seek:
Let’s begin this week with a review of what we know, from a higher probability perspective, as it currently relates to the metals market. First, it is quite likely that lower lows will be seen later this year. Second, we will likely see a rally before we set up the drop to those lower lows.
However, what we lack is a high probability near term structure, which creates a large schism in our ability to aggressively trade the metals in the short term.
Based upon the greater probability patterns I have seen over the last few weeks, the market does not yet seem to be in a position which will take us to the lower low targets we have set years ago to mark the bottom to this metals correction.
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