First published by Money Metals here: https://www.moneymetals.com/news/2018/10/25/gold-silver-bottom-001638

Last month, I made the case of a misalignment in the precious metals' markets regarding price versus value which had become so pronounced that – in the near term – an explosive change in trend catching most participants by surprise was pretty much baked into the cake. Since that day, gold has notched its largest one day up move in two years, palladium has risen $200 an ounce, platinum and silver have penetrated the first layers of resistance, and mining sector ETFs have moved forcefully from their basing platforms.