I'm going to post this here, since you asked for feedback about your latest endeavor.
Your proposed fee for your trading service is $3K/year, and you anticipate an average acct size of $15k-$25K. Do you know any hedge funds that charge 1-2% of customer equity per MONTH? No offense, but that's just ridiculous. 
kind of bummed but not too bad... the day I left for my mini vacation silver broke out. I got day 1 of SLV, and day 1 and 2 of GLD, but not nearly what I should have got. Anyways, I still have a lot to learn but can't wait to learn it! So now I guess I need to find out when to enter back into the market. It probably won't hurt to enter tomorrow morning however we appear to be heading into resistance. The 100 day SMA is coming, we are almost right up to the longterm trendline I have drawn out, and lastly... if we were really in an ascending triangle pattern the breakout is supposed to be as large as the initial cycle(roughly $1.75) and that would mean we are about there. From here I'm not really sure what to expect. We either breakthrough resistance or retrace to any support, buy dips, and re-test resistance. I guess I need to spend the week and weekend learning pivot points before my new book comes in that I need to devour. Here's my chart I'm looking at.
Today was not about FOMC. The events are preplanned and pinned to these pathetic utterances. The Gnome has been making noises of this variety for months. Today we get the rocket launch. It was anticipated some, but damn what has changed that hasn't been ongoing for eons? This is not seasonal, related to month, economy, Europe, Japan, the moon...... not even the election. You don't need metals rising for the election, only equities.
Maybe we should ask Soros. He knows.
Addendum: And now @9:54 pm the metals take off again. The only thing that concerns me is that when metals go up in Asia, they come down in NY.
Short EURO at 1.2550. This is setup where I use stochastic (or I could use RSI) I was talking to someone about the other day. Uptrending fork, price hits medium line, stochastic is above 80 (I use 14 bars), then look for short. Hopefully it works out better than my SI short, that was retarded, I should have at least waited for that horizontal resistance previous high at 29.88. I find this setup doesn't signal change in trend, but it does get nice bounces, I'm looking to cash out at 1.2460 or at least take some profits, stop at 1.2550, no more dumb loses today, may cash out earlier depends how things look and when i go to bed.
http://www.screencast.com/users/RandyTabit/folders/EUR/media/f863a447-b383-4fa5-80cb-ab3812381f26
EDIT: Here is example of CAD daily with same set just reversed I took yesterday, I was just updating some chart and happen to see it, I wasn't following it or I may had went in to early.
http://www.screencast.com/users/RandyTabit/folders/CAD/media/7ada4d3a-76c9-42a6-b119-8279c112e4e3
http://www.arabianmoney.net/gold-silver/2012/08/17/chinese-gold-etfs-the...
http://articles.economictimes.indiatimes.com/2012-08-20/news/33287875_1_...
The metals market is determined by Asian interest primarily. As has been previously noted the suppression of the metals in the past year has only facilitated the acquisition of metals by the Chinese. It would naturally follow that these ETF's arriving on the market in a timely fashion is also no coincidence.
a couple of things in my limited opinion. The Fed often telegraphs directly to players in Fed-Speak. It sounds absurd and opaque but basically what they said today is "we are more than likely going dovish again on money flow". They are preparing the market for their meeting in September and signaling directly to the Market.
I will not underestimate the change in character of the metals market. We have significant trendline breaks that have held since last March. In the past the hoods,banksters and operatives meddling in the market have at times stood aside especially when hot money enters to chase momentum, we are right on that cusp now imo. We may have character change in the market which means it doesn't trade at all like an old man perched atop a cold toilet as it has for months. It has BASED. Basing brings reversal and character change. This means forensic analysis of metals operations day to day may not fit what we have seen for a year now, it too will change and requires tremendous psychological flexibility in trading it. Buying aggressively something that has punished you relentlessly is what the Market can count on you not doing.
AEM is case in pt. A horrible nightmare hold for well beyond a year that took forever to finally bottom into a muck of hellfire and human waste. I did not even bother looking at its chart for fear of triggering severe post traumatic stress. The other day I looked at it like I would an old forgotten girlfriend who had just dropped 40 lbs, dyed her mousy hair a beautiful blonde and had a good surgeon slip in some DD saline cups for measure.
Maybe the entire sector follows suit, maybe it doesn't but change happens and I always have to be prepared for the unexpected and the least likely outcome.
So grain prices are at all time highs. Oil is holding at 98.07 handle as I type. The fomc minutes are released and shit goes bananna's. but am I the only one that thinks a guy with a doctorate isn't stupid enough to print more money especially with global economics deteriorating. The fomc release reminds of the opposite of what happened with march's release they came out and then they slammed the minutes. I mean your literally going to starve the lower classes of america going into an election to save a 20% drop in the stock market. The only thing they can do is get as dovish as possible without actually pressing ctrl p. And is that enough to stop the rally.......I mean everyone gets slammed at the pump and at the grocery store going into an election and god forbid isreal does something stupid while their printing. This is insanity cool and clear(then again as I'm writing this I'm planning my first trip to bridge day)....Am I the only one who thinks there's not shot at him printing anything....
No, you're not the only one...
I also agree with SW's technical observations, and need for mental flexibility.
I mean your literally going to starve the lower classes of america going into an election to save a 20% drop in the stock market.
They won't starve until after the election. Plus that's what food stamps are for, we'll just have to raise the amount we give out to everybody, problem solved. Ben doesn't care about poor people anyway, these issues don't affect his decision making process.
And if you want to keep up with price increases across the board...better GET ON BOARD :)
So now I have to adjust myself too, SW nailed it, gonna be tough.
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do not want to jinx it but what the heLL?? anyone care to oFFer when the last time was we had Ag r3 premarket??? and kitco not working...http://www.youtube.com/watch?v=UmsLQFqdiQE
Not quite, I'm only showing a high in silver of 30.57 against...R3 30.834.
In the regrets column, I missed silver S1 on Monday by 5 cents, sub-28. Bah!
Looks like Bullard is p.ssing on the parade a bit right now, so this may be a dip to look closer at?
we got under an hour. just ticked 30.2o and on the drop...so we may come back to R1...that pivot lOOks a LONG way down, but that can of course aLL change VV quickly. hope you get some s3 magic in the near future. it is a few fireworks at any rate. a nice bounce back up to r2 oFF the top would be a heck of a solid start. peace
Have had similar ideas but your eloquent version outpaces mine by a mile.
Deluxe, you're not alone by a long shot. There won't be any money printing. Which is why SW's alert is worth noting. This a cock tease at best in advance of FOMC in Sept., a human tragedy at worst.
Important to understand 2 things imo. First a verifiable reason for this sudden rise in metals in addition to the fundamentals that have been sputtered ad nauseum. And secondly if you're investing in miners to discern whether there will be a distinct and continuing divergence from equities.
bullard is on the wire saying the fomc minutes are 'stale'. this could be a case of buy the rumuor, sell the news with fomc ( gross is saying 80% chance of qe priced in, but mish and others are saying no chance ) .... we may touch some R's to flush in some momo players, then get a takedown to some juicy S's...
before we had no fomc qe expectations priced in pm's. now we have a lot of qe expectations priced in and the price shows that. time to be careful?
[edit, btw we have jobless claims in 15, so if the market goes thin, we may get a takedown ) don't trust me tho ;-) ]
..of the site, not this thread, has been acting like he knows something important, but is not telling.
Man. I didn't think about the fact that Comex closed before the FOMC minutes.
This is extended very far for a single day!
Who knows? Careful.
(I guess you guys have already mentioned this in a different way.)
Also, it seems that $1665 marks the falling trendline since September last year. Might be some resistance here. On the other hand, a breakout could be breathtaking.
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30 handle on silver. Have to admit there were moments when I doubted it would ever happen again :)
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