The Tech Team is still working with the server company to blunt and stop the continued DoS attacks. In the meantime, at least we have this backup platform to utilize.
I'll keep this brief. I had tried to buy back my Mar $35 silver call today but I never got filled. Nuts! I thought I might on the pullback late morning but it never happened. I was looking to buy it back because I'm expecting a decent UP day tomorrow, post the BLSBS.
I may still get another chance. If tomorrow plays out like your typical BLSBS day, the metals will surge in the moments right after the numbers are released. They will then get hammered back about 15 minutes later before reversing course and heading higher. Now that 1750 and 34 have fallen, the next targets are The Battle Royale.
Gold is head to the area around 1770-80 where it will encounter the downsloping trendline from the September highs. Silver is headed to 35.50 or so where it will also encounter stiff resistance. With a lousy BLSBS number, both metals may reach these levels by tomorrow.
Regardless of what happens tomorrow, these two charts are the only ones that matter right now. Both metals are trending higher post the FOMC "announcements" last week. Look for these trends to continue.
I'll let you know via twitter when the site is back up. Until then, enjoy blogspot! TF
[Admin note: Site is running reasonably well at the moment, but we will continue to make more adjustments. We hope any further outages will be temporary.]