We sidestepped the recent C-wave decline in the sector, in particular the plunge in silver, scaling back positions the day before it began, and as we now know the PM sector has followed the script set out in the Marketwatch update of the 19th January to the letter. However, the evidence that has accumulated over the past week or so suggests that we have since become too cautious - we should have stuck to that script as it now appears that the correction is over and that the PM sector is powering up for a major advance. Fortunately little has been lost provided that we get back on track without delay. (more)
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