FVI , FR , HZU all silver.

FVI apr 20111

Got this one wrong the first time, thought it was a sell at the red arrow. In the meantime it has added 2 waves and now one can count 9 in total which may, once again herald the end of the sequence. See also the charts for , First Majestic and the Hor Betapro 2X ETF;

FR 2011 HZU 2011

FR also has this 9 wave sequence, numbered as the normal 5-waves bull market. It too may be complete or close to that. is a little new to the plate but may actually be contributing to this momentum action. It is nearly vertical as we approach the Hunt brothers $55 peak back in the early eighties. We may not reach that level.