- A-wave (phase) represents the market building energy for the C-wave breakout (chart 1). Richard Wyckoff described this phase as a market building "cause".
- The only real distinction between an A-wave dip and B-wave decline is concentration of money flows. Silver, much smaller and tighter market than gold, is more sensitive to statistical concentration than gold (chart 2).
- The strong correlation between gold and silver doesn't preclude certain economic conditions from loosening it. The always defiant "silver is always the poor man's gold crowd" seems to learn this lesson the hard way.
Chart 1: London PM Fixed Gold and GLD (ETF) Total Assets WA Stochastic
Chart 2: Silver London P.M Fixed and the Silver Diffusion Index (DI)
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