Looks Like A Bottom To Me
This afternoon could get interesting. Technically, my indicators show that price is extremely washed out. Noticing some decent volume today. Would not surprise me at all to see a surge of buying to push this thing up a nickel or more for the day which may very well begin the longer term accumulation phase we have been patiently waiting for .
Also, March Silver on the Comex pushed over 17 dollars today. SLV has also been very strong today despite the downdraft in GLD and most of the PM sector. This divergence is significant. Silver looks ready to make a major move to the upside ... which should push this puppy up quite nicely.
Thats my view ...