Pailin's Trading Corner

42441 posts / 0 new
Last post
Tue, Apr 2, 2013 - 10:53am
Silverman
Offline
Joined: Jun 15, 2011
594
1845

Monthly silver

Monthly MACD still falling. I'm wondering what will happen if it breaks below 0 level? Stochastics falling, Williams R falling.

Tue, Apr 2, 2013 - 10:57am
Bum in the library...
Offline
Joined: Oct 17, 2011
535
342

I am starting to build a long

I am starting to build a long position from here.

Tue, Apr 2, 2013 - 11:05am
Bum in the library...
Offline
Joined: Oct 17, 2011
535
342

Silver man, I believe AVi

Silver man, I believe AVi said to get to $22 we would need to go up first. I'm pretty sure he said the current pattern would take No lower then 26.87.

Tue, Apr 2, 2013 - 11:11am
Bum in the library...
Offline
Joined: Oct 17, 2011
535
342

Silver man, I believe AVi

Silver man, I believe AVi said to get to $22 we would need to go up first. I'm pretty sure he said the current pattern would take No lower then 26.87.

Tue, Apr 2, 2013 - 11:12am
Bum in the library...
Offline
Joined: Oct 17, 2011
535
342

Silver man, I believe AVi

Silver man, I believe AVi said to get to $22 we would need to go up first. I'm pretty sure he said the current pattern would take No lower then 26.87.

Tue, Apr 2, 2013 - 11:13am
Bum in the library...
Offline
Joined: Oct 17, 2011
535
342

Silver man, I believe AVi

Silver man, I believe AVi said to get to $22 we would need to go up first. I'm pretty sure he said the current pattern would take No lower then 26.87.

Tue, Apr 2, 2013 - 11:13am
Bum in the library...
Offline
Joined: Oct 17, 2011
535
342

Silver man, I believe AVi

Silver man, I believe AVi said to get to $22 we would need to go up first. I'm pretty sure he said the current pattern would take No lower then 26.87.

Tue, Apr 2, 2013 - 11:19am
Bum in the library...
Offline
Joined: Oct 17, 2011
535
342

Dang! How did that happen

Dang! How did that happen with all of those multiple posts?

Tue, Apr 2, 2013 - 11:26am (Reply to #33972)
greatwarden
Offline
Joined: Dec 17, 2012
39
52

200WMA

Yeah, shorts want to kiss 200 WMA at $27.02 ( + different supports/trendlines ) and it looks like a nice place for shorts to start taking profits, like that happened with Cotton bulls 2 weeks ago at 100WMA. Then relief rally up to 50WMA,100WMA and then who knows.

Clive Maund looks right so far.

Tue, Apr 2, 2013 - 11:28am (Reply to #33972)
D E
Offline
Joined: Jun 14, 2011
571
1935

that's what makes markets

long and short of it...stopped out yesterday at 28...long wait for naught...should have gone to oil instead...WTI off today but had a nice run since 3/22...Cyprus a non-event?...even reports of big rats getting tipped off and moving funds not enough to spur the mob...what's it going to take?...April again...2 years ago, we were waiting for the big FIVE-O...now we'll see if we get another 26 handle...strong deflationary headwinds?...market manipulation?...Bernanke the Benign?...who knows?...GLTA...I'm short the euro here just to root against them

Tue, Apr 2, 2013 - 11:37am
redwood
Offline
Joined: Aug 9, 2011
5309
10895

http://www.marketwatch.com/in

https://www.marketwatch.com/investing/index/HUI?countryCode=XX

Cam Hui gives a nice description of a FED rally that is sustained by sectors prospering in rotating fashion. Daily/weekly warnings hence never materialize. And metals of course will wane.

Tue, Apr 2, 2013 - 11:40am
Eman Laer
Offline
-
FL
Joined: Jun 14, 2011
328
841

SDS

When should I buy SDS?

I swing trade by the seat of my pants, but I do make a little profit somehow. Any comments I make about my trades should be taken with a grain of salt, and maybe as a contrarian indicator.
Tue, Apr 2, 2013 - 11:42am
Silverman
Offline
Joined: Jun 15, 2011
594
1845

Did I Really Say $1,450 Can Be A Target For Gold?

The reaction that I witnessed from some of you last week, after suggesting that gold can drop as deep as $1,450, may almost rival the reaction I received when I suggested gold was going to top at the $1,915 region almost two years ago. But, interestingly, I am actually seeing more and more people in agreement with this perspective at this time.

https://seekingalpha.com/article/1308821-did-i-really-say-1-450-can-be-a-target-for-gold

Tue, Apr 2, 2013 - 11:45am
csquared13
Offline
Joined: Sep 13, 2011
1149
1305

closed UCO after a >10%

closed UCO after a >10% run..don't want to be greedy after the nice run-up from March.

bought some AGQ and dry powder locked and loaded for any possible re-test of 26's

“Everybody gets what they want out of the market.” -Ed Seykota
Tue, Apr 2, 2013 - 11:51am
redwood
Offline
Joined: Aug 9, 2011
5309
10895

Silverman

That would be a lot easier than confiscation LOL. Right now silver is at risk for 22, and despite recent divergence gold's target of 1450 is unfortunately no longer out of the question.

PS. Recently read a nice piece about algos executing trades by signaling a change in direction when sentiment has been established, ad infinitum of course. Stacked pretty hard against the little guy.

Tue, Apr 2, 2013 - 12:02pm
pailin
Offline
Joined: Jun 14, 2011
4313
15417

junk ain't junk

SOL on junk silver.

https://www.goldmart.com/bullion-1/silver-bullion/90-40-35-silver-us-coins.html

And geeeez look at those premiums. I thought this sh.t was supposed to be spot or less?!!

Off to Tulving...well never mind...sold out. They're buying spot+1.10.

Funny world we live in :)

To the intelligent man or woman, life appears infinitely mysterious, but the stupid have an answer for everything. -Edward Abbey
Tue, Apr 2, 2013 - 12:45pm (Reply to #33981)
Titus Andronicus
Offline
Joined: Jun 14, 2011
1165
4537

pailin wrote: And geeeez look

pailin wrote:

And geeeez look at those premiums. I thought this sh.t was supposed to be spot or less?!!

Yea, junk silver used to go for $1 or so UNDER spot. I did get a few bags at that price, but not enough. It is almost the same premium as ASEs! I always buy a mix, but I buy what is cheapest. So JM/Englehard bars are mostly what I've been buying.

The best deal by far right now at Tulving is the Silver Maples @$1.59+spot.

Burnache speaking on Thursday:

April 4 Speech -- Chairman Ben S. Bernanke
Brief Remarks on Financial and Economic Education
At the 13th Annual Redefining Investment Strategy Education (RISE) Forum, Dayton, Ohio (via prerecorded video)
10:30 a.m. ET

Tue, Apr 2, 2013 - 1:11pm
ivars
Offline
-
Riga
Latvia
Joined: Sep 26, 2011
3982
25150

Right now silver is hitting a

Right now silver is hitting a very meaningful line on a downtrend. It has stopped moves down 4 times over last 6 months. If that is broken as day ends, at close, further decline is to be expected immediately. Alternatively, it can take a breather to the upside from that line within a downtrend channel which started on October 5th, 2012 after NFP.

Any future development must involve changing something which people have never challenged up to the present,and which will not be shown up by an axiomatic formulation. P.A.M.Dirac
Tue, Apr 2, 2013 - 1:25pm (Reply to #33981)
D E
Offline
Joined: Jun 14, 2011
571
1935

Covered

Euro short...reload on spike...progressive Frog pol nailed for lying about Swiss bank account...good enough reason to get short...GLTA

Tue, Apr 2, 2013 - 1:26pm (Reply to #33981)
D E
Offline
Joined: Jun 14, 2011
571
1935

Covered

Nothing works anymore

randomness