Well, that was an interesting day. A re-test of the lows, volume dissipating as it was approached, and then very strong volume on a powerful move back up towards $1400. And in reading the reaction of various folks who pay attention to the precious metals, there is some optimism that the lows, after a grueling 21 months, have been seen. We need a bit of confirmation, but maybe, just maybe, the tide has turned.
Update: I should be a little more clear. Nothing is established at this point, and it's possible that we could drift sideways also, but today's successful re-test might indicate that the lows have been seen.
