Pailin's Trading Corner

thanks atlee. any pointers help. tried your no tv/newsflow today. worked in the am pretty well. amazing what you can see on the chart when you mind isn't cluttered with headline chasers. still went contra chart with my current zsl play...just not buying the run up...not yet. waiting on Asia to start the beat down they have been masterful at lately.

guys pay attention to that 3-5am chart. You all know I'm thinking about forex. That time period is the reason why. It is money 90% of the time.

Gartman??? That's a contra-indicator for sure. Then again maybe one of his cnbs buddies tipped him off about the 'something' that seems to be afoot.

be nimble here guys. my spidey senses are all tingly....not that it means much...hence my zsl position.

I'm  showing the same thing on Netdania

Got LNG?  I just sold half for a sweet gain. Holding the second half for some early morning follow through.

Euro/USD on lows for the day: 1.2780 as I type.

Silver and Gold are both frozen. No movement.

IMO the play is an overnight ZSL hold. That is what I'm going to do unless there is big movement in the afterhours where I will unload some but not all of my ZSL. I'm looking for 1.00 to 1.50 gap up in ZSL in premarket hours.

Either S/G are too high or Euro/USD is too low. I'm betting S/G fall tonight.

If no fall, there can be a strong argument made for delinkage from the Euro.

Days ago Euro was 1.2867 and silver hit the low of 26.14 intraday. Silver is currently at 29.27 in very light trading afterhours.

This seems to be the fat pitch everyone talks about. Maybe I'm wrong but this looks very very juicy. The overnight hours have beaten up on silver more often than not since early December.

Besides the caution against not holding overnight, anyone have any thoughts???

The Jerusalem Post quotes US Commander Lt.-Gen Frank Gorenc as saying the drill is not just an “exercise” but also a “deployment” that will involve “several thousand American soldiers” heading to Israel.

I can tell you that the difference in those 2 terms is huge. My question is how long is the deployment and what types of troopies will stay after the training exercise. That is the tell. Should be a small contingency force to educate and train the Israelis on the new equipment.

Reading sandscript I'd say this is prep for not so covert actions. What I'm puzzled by is Obummer's true lack of support for Isreal in the past...so this doesn't add up. ....... unless you figure in an election year timeframe.

We are just one move in the ME away from a supershot in G/S/oil....just one.

getting 29.0s on other sites not kitco or netdania. anyone else? .30 drop ???

Today's action put my ideas to the test  and I'm still not clear what's going on.  But certainly this today,  raises questions about the computer programming that sets these algos up.  It's not by chance they occur every day at the same time.  It's also not by chance that many days they do set parameters within which the metals trade.  I'm still working on it.  When I have better idea, if I do, I will definitely post it.

Take a close look at what happened around September 5th 2011.  The Euro began to drop in a big way, but silver actually pushed higher for one or two more days.  The next thing that happened was a silver drop, a big one.  Not saying that this is what will happen, but the precedent is there for it to be the case. 

SIM,

That would certainly be in keeping with predictions on this board, ie. that past the first week of January we will see declines at least for a few weeks.