To: bull_dozer who wrote (197506 ) 3/27/2023 10:57:11 PM From: TobagoJack Read Replies (2) | Respond to of 217592 Re <<No one ever went broke taking profits >> looks like much opportunities for the agile, which, as one ladened down, counts me out except at the edges, a sliver here and a dash there, more for tactical exercise than for big-arrow strategic motion of the sort that moves the dialask-socrates.com Gold & Silver into 2032 SUNDAY, MARCH 26, 2023 BY: MARTIN ARMSTRONGCOMMENT: I have come to realize that you are the best in metals even though you are not always 100% correct. The difference slapped me in the face. You are a trader whereas the gold bugs only say buy. I remember your story about the Swiss banker who told you why everyone used you in currency. You did not care if the dollar went up or down. Thank you for that very important lesson. DPANSWER: Everything goes up and down. Nothing ever moves in a single direction. To survive our own trading decisions, we must understand the nature of markets and then reflect on our losses. It is easy to celebrate wins. But it is the losses that teach us what not to do. The trick is always surviving your own trading decisions and not to blame others for your losses. Then you will become a good trader. Here is a snapshot of the metals. If we just look at gold, it appears it will rally into the ECM and the Benchmark on April 10th/17th. Now, the goldbugs will be screaming buy as they always do with every rally. But the Arrays warn that this may just be a spike high and not a sustainable breakout. April is clearly a target in gold as well as silver. But silver is not breaking out to the upside as is the case in gold. The ratio pointed to a March turning point and that appears to have created a temporary high. After April, we have June as the next target. Yes, there can always be a cycle inversion, and gold rallies into June. Yet that would require March to close at least above 2080. We also have technical resistance at the 2071 level. That would warn of a possible test of 2220. Now, looking at the Ratio and Silver, this implies a sustainable breakout may be difficult. A bull market typically requires silver and gold to be moving up together. The prospect of a Phase Transition into April that could reach the 2220 level, would then more likely infer a June low. Too strong of a rally in a confined period of time would signal the more likely response is exhaustion. When I look at the yearly level, this suggests that 2022 was an important low. If that is correct, then the rally into 2032 is on target.