JoeKa wrote: Personally I think that's the 'floor' for today.
It sure takes guts to call a bottom. :)
Hmm... Not expecting EE to raid once London closes? I do. No raid once Globex re-opens? I expect just that. Earlier takedowns make me think we're going down further...
Just so that you make an informed decision, pls know that the target for this move is high 33s.
Sold my UCO. Not feeling much conviction there. I caught a bounce and I'm out. $200 for the home team. I seldom venture into these sort of trades like you guys do, but when it's there, it's there.
If I'm right...so what?
If I'm wrong...so what? I'd rather pick an opinion as far as possible rather than spew generalities. If you can take that to bank, then great. Generalities ain't worth a dime. *you guys should take a look at the blood Platinum is losing. It's a whole different story there.
Can someone wake me up if we
Get to quarter past three .
Good job erico.
Meanwhile, back at the ranch, my new UGL shares are bleeding. Oh well....
Oh, don't mean to sound harsh to ya. Just trying to discuss so we all get a chance to benefit from this shortterm move. You've been right on numerous occasions which I've benefitted from but that bottomcall made me raise my eyebrows hence my questions.
The bernak offers you this gift. https://upload.wikimedia.org/wikipedia/en/8/8c/Mad_Magazine_Game_fake_%2...
Scanning through charts on different time scales it is pretty apparent that the volume in Silver trade this morning is several times normal... I think they will keep this up until they break the long term up trend line from last year.
I think they will get all the paper they need for this compliments our corrupt government and federal reserve.
I want the bottom to be in at 35 but these bastards are hell bent on crushing this bull market once and for all this time I think.
I'm taking one last deep breath before going under water on my physical ... (gulp)
They are talking about oil prices and supply on TV... they don't give a shit about oil - the prive has already bounced!
it's just misdirection and posturing while they unleash insane amounts of paper PMs to depress price before the Fed 'rescues' us / the markets
ala more monetizing and stimulating (inflation)
I didn't think u were harsh. :)
Sorry if my reply 'sounded' tonally curt.
I've noticed that every time I post my opinion on market direction short term - I'm WRONG =]
I posted the above doom and gloom - I believe it too... so I must be wrong (I hope) and things will get better for the rest of the day?
Thanks for the cudos. I admit my sphincter was puckering and I wasn't pleasant to be around. Got better after the Greek Vote and relief after the bernanke spoke. Sorry I wasnt around for those 2 days but you didnt want to hear some crazy dude talking his position. Plus I am superstious in that regard. If it is hard against me, I need to shut up and concentrate.
where to short at again... any ideas?
Just wanted to share this to show the correlation between "risk off" and silver. Dow Ind's overlaid on the silver chart at netdania. If I see a divergence (INDU up, silver down) I start to suspect some shenanegans going on, but so far this morning just looks like silver's being pulled down by the hedgies going risk off...
Good post and great point uptofreedom. I'd like to see you post that chart more frequently. Whenever you think you see something noteworthy. Thanks.
Current ship at sail. Must wait for resolution til after Asian trade day to see if it docks somewhere at least before determining entry.
Will do. It's a minor pain using the netdania charts. Print screen, paste into gimp, resize, upload to public dropbox, copy link... Have been looking for a simpler solution but haven't found any other free charts that support the overlay like this...
But didn't do the deal. No feel good factor today.