Summary
Recent price action.
Anecdotal and other sentiment indications.
Price pattern sentiment indications and upcoming expectations.
Recent price action
As I noted in my new service on Seeking Alpha, The Market Pinball Wizard, as long as silver remains below its resistance of 17.26-17.80 and GDX remains below its resistance of 23.60-23.96, I am looking for another pullback in the complex before the real break out occurs. This past week, silver spiked and reversed slightly over the bottom of our resistance, and GDX came within 12 cents of our resistance before it turns lower on Friday.
