Thursday, March 19, 2015

[CLB] suggests commodities are in for a big bounce.

Here is the backlink.  Below is the model from the backlink.

As you can see, the model is being tracked fairly closely.It seems that CLB is printing an inclining double bottom.  Next target should be $137-$140.  The shape of the wave that does this will tell much about whether gold and silver are in a new bull or just a B wave retracement.

But I want to be careful not to waste too much time looking into the future.  Driving is for show; putting is for the dough.  A break out above that top red rail likely signals the start of a big rally in commodities.

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