Pailin's Trading Corner

There is hope and a bounce is coming. Only it will need to be played and sold imo.

Santa rally coming but the big boys have already left for Christmas so we have light trading volume and lower volatility. I am thinking good buy ops by close of OE, then up thru next week that surprises but has no real power behind it.  Thats a wild guess.

when reviewing the first battalions of Confederate corp moving into Gettysburg, Colonel John Bufort of the North said famously,"there's power behind that". Back then they didn't have drones and airforce.  In battle they would predict the strength of the larger army based in its first thrusts onto the field.

We have had a serious thrust down in metals over this last period. That indicates "there's power behind it". Another leg I think is coming. Could come early or could come right after Christmas or with the New Year but I sense its coming. Wish I was wrong but patience will tell.  Certainly volatility will return in a big,big way when the HogMen return after the Holidays.

Well if we are all apologizing, then I'm sorry for being one of the people who helped convert you to the bullish side just before then.  You may have been better off never having switched sides and just being patient waiting for lower prices. 

All out except a few big cap positions
which might bounce, and some small
cap 'special situations'.
Waiting for any of 1 of 3 things to happen :
1.) unequivocal qe3
2.) believable and strong pm rally
3.) much lower pm stock prices.

Just ditched my FR on strength. like
Rico I am tempting by Atac at 2.20's,
but 1.50 ' s would be much sweeter.
could quite easily believe they could
back in the 10 dollar range next fall.
Huge deposit, open in all directions,
but market scared witless right now.
No point playing now Imo

That's right it is all your fault. LOL. No it was me pushing the long side. I thought i saw something devolping in the charts but I was fooled. 

Heck we may still be right. Certainly over a longer term we are. Timing just off by a few dollars. Thats a lot in leveraged plays.

SW is making more and more sense to me,

We will probably bounce out of here soon but will it stick?

I hate that all the nice tradable moves are overnight. What is with that crap?

The GSR trade is a lucrative one, if your timing is on.  The people that I know who do it with ounces only switch once it moves a good deal, so the trades tend to be measured in months between them.  Are you thinking that time frame or are you going to try and time shorter moves with it?   

I think overnight futures exhibit clearest movement and volatility. Thin trading. Big money loves to push the price around because they can. Volume is thin. Means that waterfalls can be stood under and bought as gifts imo. I would never buy highs or 'breakouts' in metals overnight though. Only in government sponsored S&P and this is only my observation.

Most of daytime action is often just scraps. That's the great joke on retail.

I would think that the longer timeframes also has to do with the fact that the trend only seems to turn back and forth in those timeframes also (the broader moves at least). 

It does not matter if your calls are accurate or not. Everything you write breathes integrity. Integrity is why this corner is such a great place.

Sold SLW and bought RGLD - 1075 shares just before market close.  I feel more comfortable overnight with RGLD than SLW at the moment.

I second that Dirk.  Right on.