Posted May 20, 2013 by Martin Armstrong
The Flash Crash took place because of the lack of bids. Despite the gold/silver promoters, there is no expansion of buyers for the precious metals. It has been the same choir over and over again. Silver broke the April low and this is a leading indicator warning of lower prices yet to come. Nonetheless, this is a week for a target turning point and last week may be the lowest weekly closing in silver for right now. There is still the possibility of lower lows in June.
Right now, the Daily Bullish Reversal in silver stands at 2385. This is what we need to exceed on a closing basis to stabilize this market for now,