The gold and silver prices are down on Friday after another wild week in the precious metals markets.

The last time small caps broke out of a multi-year base like this, they crushed large caps by over 20% in the following year. That same setup is forming right now. And almost nobody is paying attention.

Stocks popped and flopped. Gold and silver were under pressure, as is typical for a monthly stock market option expiration. VIX is subdued.

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