Decision point for metals and miners through the lens of USLV

Here is my last post on the major, major decision point that metals and miners find themselves at.   Since I like to test the same thesis using various related data sets, today I look at USLV.  In this chart, the top red trend line starts off with declining double tops that predict some important technical point down the road.  This happens all the time in charting: the history is very important to the future.  I'm sure that is part of some natural law that is true for man and the universe at large.

In any case, an accurately drawn line between those two points takes us to exactly the decision point that metals find themselves at right now.  The recent peak in USLV also gives a second point such that the blue down sloping trend line can be drawn.  Notice the exact convergence of these two resistance points.  Coincidence?   Perhaps.  But this is what finding trigger points in the charts is all about. 

The herd has to make a decision here.  It either has to bounce off of these trend lines and take another wave down (the red model below) or it has to gap up and out (the blue model).  The collapse of silver price is much like not getting an Earthquake on a moving fault line for a long time: it only predicts a large Earthquake in the future.  Silver is never going BK, never going worthless.  If there is a panic out of silver today there will be a double panic back into it in the future.  Silver is the king of commodity metals and it also has a pseudo monetary role.  Of course, gold is the only completely indisputable money.

There is a LOT of overhead resistance here.  That does not mean there will be an immediate explosion in silver.  The pressure could get mowed under by a market collapse.  But at some point the coiled spring will not be able to be compressed anymore and it will break free.  The only question is whether it happens per the blue model or per the red.

If the blue model is taken, it will, in many ways, avoid future imbalances.  Relieving the pressure before an explosion always mitigates the damage.  There is already a lot of pressure holding the metals and miners down!  Even if the breakout occurs right now, the gains will be massive.  Additionally, the Russian march toward war strengthens the blue path.

But imagine what happens if the price follows the red line (which is my personal hope).  Anyone waiting at the bottom of that 5th wave throw under would be as a crocodile submerged below the murky waters as the first wildebeests begin to cross the river.   Getting into USLV @ $20 would literally ensure a 10 bagger over the next 5 years.

I will not be surprised if it goes either way but something is going to have to occur very soon that sets the next big move in motion.