[gbarbs]

It looks like a continuation move to me after an extended consolidation. I wish I had the graphic from the very beginning of the book that shows more bullish / less bullish and more bearish / less bearish. This has been in a range for over 2 yrs moving gently downward but also has a support trendline that is closer to being horizontal. So the breakdown looks like the "more bearish" chart to me.

Note that I have not shorted it yet - I need to look at other metals charts to see if the majority appear bearish. And need a closer buy stop. The closest possibility I see is about 10% away and that's too much for me trading right now.

It may or may not be an ideal short but certainly not a buy here for me. I think I would be trying to guess a bottom.