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QuantitativeExhaustion
Apr 2, 2013 5:55 PM

Panning For Gold and Silver  

Silver/U.S. DollarFXCM

Description

Be the river they say when panning for gold and silver, or is that fishing? Well either way we are searching for a bottom for gold and silver. Here I illustrate where a bottoming could occur for either silver or gold. 1.618 retraces from tops and bottoms usually are good places to find your pot of gold.
Comments
QuantitativeExhaustion
QuantitativeExhaustion
QuantitativeExhaustion
Looks like the gold pitchfork was spot on... silver close
Nickmail
and do not take it as a position of Oanda.. but like the average statistical
Nickmail
gyazo.com/4125c9593e0abbfbf79fb9d458be9e8c here u can see how many stops are @ 25.50
Nickmail
gyazo.com/4125c9593e0abbfbf79fb9d458be9e8c here u can see buy stops 27.8 -possible move there but then i think "doll" has a big apetite for sell stops near 25.5, imo but only then i think it can go up
Nickmail
gyazo.com/0ffba9851b8d46d8fe3219d1dae8694a earlier (yesterday i show u 26.8 sell stops) & it take 26.9 more big part of stops
Nickmail
gyazo.com/4125c9593e0abbfbf79fb9d458be9e8c here u can see buy stops 27.8 -possible move there but then i think "doll" has a big apetite for sell stops near 25.5, imo but only then i think it can go up
QuantitativeExhaustion
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