Pailin's Trading Corner

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Sun, Aug 5, 2012 - 5:51pm (Reply to #26109)
kevsta
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pailin wrote: PMs to the

pailin wrote:

PMs to the moon? All it takes is one 'respected' mainstream equities guy saying he's out of performance and into protection. Everything is dead, I'm out. Closing his fund, returning cash, and going all to physical bars. It would have to be a very well-reasoned individual though, somebody they couldn't pin nutty on. And that's assuming anybody would let the message out to begin with.

Otherwise it's probably a slow grind up with explosive moments of strength and weakness. Like a time lapse death of a sun.

or a real kick off in the middle east? we haven't had any war based gold spikes for a long while either

"There are only 10 types of people in this world, those who understand binary, and those who do not."
The 2 secrets of success - 1. Never tell all that you know..
Sun, Aug 5, 2012 - 6:12pm (Reply to #26109)
redwood
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Otherwise it's probably a

"Otherwise it's probably a slow grind up with explosive moments of strength and weakness. Like a time lapse death of a sun."

Like an accelerated pattern that we've seen since May 17, 2012. Unless you've traded the bidirectional moves, you would be slightly ahead since then. I expect a stronger propulsive move forward. This week's price action, given the time of year, should be telling.

Sun, Aug 5, 2012 - 7:46pm
Bum in the library...
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good Friday

I bought some call SLV and GLD options on thursday and they did really well on Friday... finally. I was able to exit out of about 70% of SLV at the day high and still have GLD. I'll probably buy any dips and hope it keeps heading up. they look like they are headed into some resistance though

Mon, Aug 6, 2012 - 3:34am
Abraham Bernanke
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Financial Times front page Silver Manipulation!

Four year silver probe set to be dropped!

Case set to be dropped due to not enough evidence!!?? say US regulators (manipulators). It states the JPM will be relieved by the dropping of the case. (these B(W)ankers, its a case of Mafia run banking/money system and the masses just don't see this fraud under their noses). This call for no evidence of manipulation of prices will surely stir the wrath of Andy M to come out fighting to prove his whistle blowing on manipulation has not been worthless. It is strange how the 2 previous investigations in 2004 and 2008 also found no wrongdoing regarding manipulation of price action. I look forward to Turds and ZH comments on this.

Before I post the link to the ZH article, note who was the 2nd to comment in reply to the ZH article......the main man himself! Also he gives that great statement we all love but hate "patience is a virtue"

ZH on this article is already out HERE

Subscrption or a free look for registering at:-

FT FRONT PAGE

Ted Butlers Evidence report for the manipulation confirmation can be found here, EVIDENCE

Bonds Equities and USD look to continue a run up this week while metals remain precarious in a tight wedge which still is on the verge of a break up or down, our friend time will tell.

SWAGER on. Silver - Wine - Art - Gold - Energy - Real estate
Mon, Aug 6, 2012 - 4:36am
kevsta
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I don't understand why it's

I don't understand why it's always the innocent, why cant some orange haired wierdo ever walk into the CTFC and shoot the fuckers up? until these people start to see that there will be personal consequences for their betrayal, nothing is ever going to change.

you can compare this to the IRA, all the years the IRA were bombing soldiers and civilians, no-one (in power) ever gave a shit as soldiers and civilians are both endless abd dispensable, but when they started directly targeting politicians and their families, "we" were suddenly much more willing to "negotiate" with terrorists. funny eh?

anyway pleasantries aside, will they now have to make all the "evidence" available to the public? I'm pretty sure if they did, the collective "WE" could find the damning parts quickly enough, as we 1) know what we are looking for, 2) have less porn to download and less banker cock to suck.

utterly shameful but totally predictable.

edit for the sake of the various "Agencies" who will read this. I am not condoning violence, but if it has to happen, (and clearly it does periodically in the States) there are better and worse scenarios, I personally would much rather that the complicit enablers of institutional crime were targeted than innocent moviegoers.

"There are only 10 types of people in this world, those who understand binary, and those who do not."
The 2 secrets of success - 1. Never tell all that you know..
Mon, Aug 6, 2012 - 7:52am
pailin
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CFTC - no boogieman

Ya gotta love CME lowering silver margins at the same time this headline comes out. I guess it's full steam ahead long silver now right? After all it's a risk free trade and paper is much more cost efficient for traders! At least that's the push from two fronts now :)

I've always said -in dire circumstances- a 100 oz bar...well the heft alone makes for much confidence when wielded properly :) :)

re: Directing the violence...doesn't have to be a gunman, a well-placed earthquake or tsunami (from UK??) is equally effective and may take more out faster. Then Homeland can suggest a War on (Acts of) God :) :) :)

To the intelligent man or woman, life appears infinitely mysterious, but the stupid have an answer for everything. -Edward Abbey
Mon, Aug 6, 2012 - 8:22am (Reply to #26115)
kevsta
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:) a war on nature you mean?

:) a war on nature you mean? I think that's already raging on multiple fronts, both covert and overt.

"There are only 10 types of people in this world, those who understand binary, and those who do not."
The 2 secrets of success - 1. Never tell all that you know..
Mon, Aug 6, 2012 - 9:48am
pailin
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Daily Pivot Points

Daily XAU/USD
High 1607.13
Low 1585.96
Close 1603.31
R3 1632.81
R2 1619.97
R1 1611.64
Pivot 1598.80
S1 1590.47
S2 1577.63
S3 1569.30
Weekly XAU/USD
High 1628.34
Low 1584.18
Close 1603.31
R3 1670.54
R2 1649.44
R1 1626.38
Pivot 1605.28
S1 1582.22
S2 1561.12
S3 1538.06
Monthly XAU/USD
High 1629.83
Low 1554.75
Close 1614.48
R3 1719.71
R2 1674.77
R1 1644.63
Pivot 1599.69
S1 1569.55
S2 1524.61
S3 1494.47
Daily XAG/USD
High 27.936
Low 27.038
Close 27.781
R3 29.030
R2 28.483
R1 28.132
Pivot 27.585
S1 27.234
S2 26.687
S3 26.336
Weekly XAG/USD
High 28.405
Low 26.981
Close 27.781
R3 29.887
R2 29.146
R1 28.463
Pivot 27.722
S1 27.039
S2 26.298
S3 25.615
Monthly XAG/USD
High 28.477
Low 26.462
Close 27.970
R3 30.825
R2 29.651
R1 28.810
Pivot 27.636
S1 26.795
S2 25.621
S3 24.780
Daily EUR/USD
High 1.23933
Low 1.21659
Close 1.23866
R3 1.26921
R2 1.25427
R1 1.24647
Pivot 1.23153
S1 1.22373
S2 1.20879
S3 1.20099
Weekly EUR/USD
High 1.24063
Low 1.21332
Close 1.23866
R3 1.27573
R2 1.25818
R1 1.24842
Pivot 1.23087
S1 1.22111
S2 1.20356
S3 1.19380
Monthly EUR/USD
High 1.26814
Low 1.20414
Close 1.23025
R3 1.32822
R2 1.29818
R1 1.26422
Pivot 1.23418
S1 1.20022
S2 1.17018
S3 1.13622
To the intelligent man or woman, life appears infinitely mysterious, but the stupid have an answer for everything. -Edward Abbey
Mon, Aug 6, 2012 - 12:28pm
SilverWealth
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comment

if I have to login and change my password one more time I am gone from this place. Tedious and ridiculous with all these screens as if the guy is guarding some gold bars here.

Watching a character named TraderFlorida over at Stocktwits. I think an example of a full on sociopath. Very entertaining to listen to. Lies effortlessly about his positions. Claims to already be out of shorts that he was in during the short squeeze and in longs that he made no mention of before. Has huge following. Claims to be owning and renovating homes in Caymans, Key West, Wisconsin, and traveling all the time to Europe while trading fulltime. A full on nut job who has countless minions fooled by this private fantasy life he has going. Really entertaining to watch the drama unfold.

Eventually stocktwits will catch on and block the guy. For now its like watching a soap opera... always claims to be in right at the breakout for massive gains and to have already sold any losing position. Hysterical. Gives ongoing 'instruction' in posted daily videos. Complete fantasy life in perfect illlustration.

Mon, Aug 6, 2012 - 12:44pm
Rico
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Toast!

Toast!

Mon, Aug 6, 2012 - 12:59pm
Bum in the library...
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$28

is Silver going to make it over $28? kind of stuck there....

Mon, Aug 6, 2012 - 1:10pm
Rico
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Utterly bizarre silver

Utterly bizarre silver action: no volatility whatsoever, and almost no volume--really, really strange. I have had a bid on SLV calls a half-cent under the ask with no takers.

I have no idea what is up, but something is. Broken market.

Mon, Aug 6, 2012 - 1:37pm
SilverWealth
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metals

IMO the action in metals owes any and all of its strength to manic buying and chasing in Equities. A risk/on party. When that party stops metals will too but they will fall faster I think. Could be wrong. I do not see volume in many markets at all. Whole thing has the feel of summer hope and summer buying. 1404 is targeted high for ES, then we shall see what we shall see.

Mon, Aug 6, 2012 - 2:07pm (Reply to #26119)
csquared13
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Rico wrote: Toast! ahahah!

Rico wrote:

Toast!

ahahah! bring out the jelly!

“Everybody gets what they want out of the market.” -Ed Seykota
Mon, Aug 6, 2012 - 3:32pm
SilverWealth
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traderflorida

that guy is a case study in psychopathology. I think he as nearly 21,000 'followers'.

Mon, Aug 6, 2012 - 3:49pm
babodonk
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Oil closed strong today with

Oil closed strong today with Turkish pipe hit by Kurdish fighters https://m.aljazeera.com/story/201286164854298645

dollar was down and Greece was extended loan relief over the weekend. I think markets liked the Greek extension as it proves Europe is supporting the weaker nations. Kick the can until esm backed by Germany in September before any real announcements. I'm just wondering how the tape will be painted going into september. Surely gold and silver won't breakout beforehand but just trade sideways/up. If dollar is weak, and oil/stocks strong, what is the smart angle to play?

Ps. Anyone looking at cotton???

Mon, Aug 6, 2012 - 4:29pm
redwood
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Gold and silver doing their

Gold and silver doing their usual turtle paced upward grind. Tomorrow should be a typical Tuesday with a pull back in the morning and perhaps all day. I'm expecting this pattern will persist for a few weeks. As for Sept. who knows. Sorry can't be more imaginative. I think that may be the whole point.

Back to work tomorrow. Too bad because there is a certain pleasure in not having one's attention divided and a helluva a lot more time to consolidate some learning.

Mon, Aug 6, 2012 - 4:46pm
Rico
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@babo, Yeah, cotton's showing

@babo,

Yeah, cotton's showing signs of life. The reason cotton has been so weak for months has been a move to synthetic fibers. As oil starts up again, I think it's making cotton look more attractive--to an algo, anyhow.

Tue, Aug 7, 2012 - 3:58am (Reply to #26122)
kevsta
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SilverWealth wrote: IMO the

SilverWealth wrote:

IMO the action in metals owes any and all of its strength to manic buying and chasing in Equities. A risk/on party.

which in themselves are usually proxies for the EURUSD risk-on/risk-off action..?

SilverWealth wrote:

When that party stops metals will too but they will fall faster I think. Could be wrong. I do not see volume in many markets at all. Whole thing has the feel of summer hope and summer buying. 1404 is targeted high for ES, then we shall see what we shall see.

possible, even likely, ..however could we not also get a repeat of last Aug, where stocks and gold diverged, stocks banged their lows and gold the highs, rather like the opposite of right now?

depends how much real fear there is, I think people are getting a bit blase about it all now:

"Oh yea, the end of the world again [yawn] "

- which is obviously how it has to get, ie collapse fatigue, nobody really worried anymore, so that when it does actually come, most are caught off guard once again.

"There are only 10 types of people in this world, those who understand binary, and those who do not."
The 2 secrets of success - 1. Never tell all that you know..
Tue, Aug 7, 2012 - 5:52am
pailin
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Daily Pivot Points

Daily XAU/USD
High 1615.76
Low 1601.19
Close 1610.46
R3 1631.66
R2 1623.71
R1 1617.09
Pivot 1609.14
S1 1602.52
S2 1594.57
S3 1587.95
Weekly XAU/USD
High 1628.34
Low 1584.18
Close 1603.31
R3 1670.54
R2 1649.44
R1 1626.38
Pivot 1605.28
S1 1582.22
S2 1561.12
S3 1538.06
Monthly XAU/USD
High 1629.83
Low 1554.75
Close 1614.48
R3 1719.71
R2 1674.77
R1 1644.63
Pivot 1599.69
S1 1569.55
S2 1524.61
S3 1494.47
Daily XAG/USD
High 28.024
Low 27.611
Close 27.855
R3 28.462
R2 28.243
R1 28.049
Pivot 27.830
S1 27.636
S2 27.417
S3 27.223
Weekly XAG/USD
High 28.405
Low 26.981
Close 27.781
R3 29.887
R2 29.146
R1 28.463
Pivot 27.722
S1 27.039
S2 26.298
S3 25.615
Monthly XAG/USD
High 28.477
Low 26.462
Close 27.970
R3 30.825
R2 29.651
R1 28.810
Pivot 27.636
S1 26.795
S2 25.621
S3 24.780
Daily EUR/USD
High 1.24443
Low 1.23410
Close 1.24001
R3 1.25525
R2 1.24984
R1 1.24492
Pivot 1.23951
S1 1.23459
S2 1.22918
S3 1.22426
Weekly EUR/USD
High 1.24063
Low 1.21332
Close 1.23866
R3 1.27573
R2 1.25818
R1 1.24842
Pivot 1.23087
S1 1.22111
S2 1.20356
S3 1.19380
Monthly EUR/USD
High 1.26814
Low 1.20414
Close 1.23025
R3 1.32822
R2 1.29818
R1 1.26422
Pivot 1.23418
S1 1.20022
S2 1.17018
S3 1.13622
To the intelligent man or woman, life appears infinitely mysterious, but the stupid have an answer for everything. -Edward Abbey
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