thinking of some of the silver thats been just sitting in a box in the attic now for years.
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
| IP: Logged |
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
| IP: Logged |
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
| IP: Logged |
posted
Today's Range 29.05 - 32.54 pretty crazy. Think there was some panic selling in there that helped break my support level @ 30.
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
| IP: Logged |
posted
Yeah, I think you are right Boo...Funny how Gold and Silver dumped hard all day then CME hikes margins on Gold, Silver and Copper after the close...Maybe it was pure coincidence but the whole move on Friday reeks to me...
Holding some GLD calls for next week...Volatility is so high right now that options premiums are holding up very well despite the big flush after London closed on Friday...
Very curious as to what happens to Gold and Silver when Asia opens up on Sunday, considering the bulk of this rug pull happened in New York after London closed and Asia was not around to help stop the bleeding...
Posts: 2383 | Registered: Apr 2006
| IP: Logged |
posted
silver futures back over $32, man what a dip that was.
Pretty crazy HV, no one trusts anyone. lol
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
| IP: Logged |
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
| IP: Logged |
Broke a pretty good support level when the $25's fell. Decent support 22.50 to 23.50 futures low $23.52.
If things happen in "threes" today would be day 2.
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
| IP: Logged |
posted
low 22.22, thought 22.50 would hold no problem. Put the chart on the weekly and makes me wonder if 22 will hold. Some serious manipulation out there. Using this and GLD as an indicator for some mining stocks. passed on MDW today for now.
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
| IP: Logged |
posted
Been awhile since I visited this thread but with everybody bearish and Gold closing in on the June lows, I think we are getting close. Looking for some type of capitulation event to put in the double bottom. Will be loading GLD leaps on anything sub $1200...JMO
Posts: 2383 | Registered: Apr 2006
| IP: Logged |
posted
Almost there... May see a brief dip sub $1180 but I don't think it lasts long imo...Big money traders know there are a ton of stops in this area, I have a hard time believing they won't use one of the upcoming low volume holiday sessions to trigger them.
Gold drastically underperformed this year, I have to believe there is a pile of sidelined PM money as a result. Should see a significant rally in Q1 on fund re-accumulation alone. China is the wild card news event for 2014 imo.
Anybody still short come first of the year is on the wrong side...JMHO
Posts: 2383 | Registered: Apr 2006
| IP: Logged |
posted
Insane action in gold and silver today...Went after the stops and shorts covered into the rug pull. I knew the banksters couldn't resist the low hanging fruit in the $1180 area. The result is what happens when a trade as crowded as the gold short begins to unwind. We'll see if it's just eoy unwinding or the double bottom reversal I've been waiting for...GLTYA
Posts: 2383 | Registered: Apr 2006
| IP: Logged |
posted
What a start to the new year!!! Miners starting to take off here. GDX making a run at the top of the downward channel, break through and the miners start really cranking in the short/med term...jmo
Posts: 2383 | Registered: Apr 2006
| IP: Logged |
posted
WTG Happy! looking through some on my miners list. AUMN up pretty good. Guess I've been slacking on my DD for that sector. Knew you were making a good pick though! Big push for NG also.
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
| IP: Logged |
posted
Thanks Boo... We need the miners to break through the top of this bear channel. The next few days will tell us if this is a legitimate sector rotation or another pop and fade...jmo
Very curious as to what kind of eod marching orders (if any) the bots get today...
Posts: 2383 | Registered: Apr 2006
| IP: Logged |
posted
Short covering starting here in the $1250's, panic cover starts if we squeeze to a $1300 handle. jmo
Posts: 2383 | Registered: Apr 2006
| IP: Logged |
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
![[Cool]](cool.gif)
