GLD/SLV Update

This was this morning's update and so far, so good. We are right on track from earlier expectations.

 GLD, here's the negative divergence I showed you in the last update, I said GLD would go on to make a higher high, which it has at the white arrow.

 The same thing with GLD's 2 min chart

 The 5 min chart has gone into a leading positive divergence.

 So has the 15 min chart. Remember the positive divergence or accumulation started yesterday at higher levels, I'm sure the lows were accumulated today as well, so there's an average cost somewhere in between, so GLD is still in stage 2 mark up, there is no distribution into higher prices yet, that may be because they have not reached their average price paid on this round of accumulation-the exact same goes for SLV.

 SLV negative divergence seen in the earlier update and the new price high.

 5 min SLV confirmation and a leading positive divergence.

 Also a 15 mn leading positive divergence-this is the same situation as described in GLD.

The 60 min chart is in line, so I don't expect this to be  major reversal.