“What we learn from history is that people don’t learn from history.” – Warren Buffett

As traders wake up to another ‘hit and run’ on Silver in the overnight session, we are patiently waiting to see what NFP will bring. We have discussed this phenomenon in detail many times in the past and will not start another rant today 😉 What we will do is leave you with a couple of pictures that are worth a thousand words. We would strongly urge you to study these charts, keeping in mind what we have been repeatedly discussing and put them in the context of  asymmetric risk/reward and healthy market moves.

As always there is no substitute for real-time/live action; if you are interested in attending a daily morning call into NY with a more detailed live discussion on all the charts and ideas we highlight/review in the outlook video and here on the blog, you should check out our Daily Webinar Group.