Gold Silver Reports ~ Lead MCX tumbled sharply in the beginning of January. However, it posted a positive daily close after seven consecutive negative sessions and entered a pull-back mode. In terms of wave structure, it completed the third leg of an expanded flatpattern and started its next leg up. This leg is breaking up into lower degree waves. On the way up, lead crossed a crucial falling trendline. Shortterm as well as mediumterm momentum indicators are in line with sharp rally. However, lead has now halted near the upper end of the rising channel.