There is a large confluence of cross currents arriving month end which signal a change in markets. Sinclair see's this along with others and swears by his birthday [Mar.27] this correction will be old news.
Time sometimes has more influence than price thru symmetry. This will also coincide with the longest corrrection in gold so far which is 78 weeks. Until then it's a tough call, so we''ll see if the Chinese returning to the markets on Sunday night have any influence. With month end option expiry I expect the same old bs.
Speaking of timing Lenic nailed the downside momo and likley was oblivious to sentement. That being said those buying now will be rewarded. IF we get the expected upswing in the metals to new highs later this year coinciding with good prodcution number from shafter/La Negra and the reverse split allowing the big boys to buy, we could have the perfect storm, again all about timing. I will go out on a limb and predict a triple from here this year.
Iif you think I'm nuts just remember the fall of 2010 when First Majestic was at $3.00 in August, only to run to $25 in 6 months.