We all knew a "give-back," day like today was lurking and apparently it's here. The table below has updated stop-levels for anyone who is being true to the system. I don't think the run in precious metals is over, by a long shot, but we are now in "money management," mode. PRO Trading Exit some(at least half)-to-all of positions if the indicated Trailing Stop (in percentage gain) is hit as of late in the session. Don't be a hero, there will always be calls to buy back if conditions so indicate. SLV Notice how price ran right up to Fib target for Wave 5 of (3) before a volatile correction. Wave (5) to new highs, when it comes, should be a doozy. As of now, mid-session, SLV stops are holding and have not been triggered. XOM Never underestimate the power of a multi-month breakout.
