I'm bullish for the most part, but we have risk in this zone. If we do break higher on close, and stay there, we could see a massive short squeeze rally in gold and silver. In the case of gold here, the target would be 1714.28, initially, but could evolve into a resumption of the long term advance in gold, so, I'd reccomend simply owning some physical gold, on top...
We have a nice chance to enter longs in $PAAS here, if we break above Friday's high, we'll have a chance to retest the resistance above, as the arrow indicates. Risk is a new low, so the stop is really tight.
$PAAS has some of the biggest mines, and low operating costs, although still not profitable, so, it's not suitable for longer term investment unless you size...
After FED's Talk on Rate Monday Sept 12- 17:00 ..Traders are betting the Fed won't make a move on rates in September. Now, 85% of traders think the federal funds target rate will be 25 to 50 basis points as of September, which is where it is now. Only 15% of traders are expecting the fed funds rate to rise to between 50 and 75 basis points by September.
BULLISH...
I am long term long on gold and silver currently, however there is a short term short opp here in silver contract.
One could sell the futures contract or buy a put option to take advantage.
Futures trading involves serious financial risks and are not suitable for all investors.
COMEX:SI1!
The stochastic is showing a saturated silver market, but by observing the histogram can identify a slight drop in the MACD, however the case of a 4th wave in this trend we risk a bull market in the coming days, reaching higher values for the next week .
COMEX:SI1! Be Aware! The next few weeks will be Bull and I'm optimistic about this, stochastic is growing, MACD lines crossing and the waves confirming that its time for long.
In this chart I describe the multiple time at mode signals and elements we can extract from price action in gold and silver, in monthly scale.
It's worth noting that there's a possibility of a long term decline reversal, specially evident in the case of gold, where the 17 bar downtrend on chart has failed. Trying to take long positions from lower timeframes will...
if the price go down to the level of 15.30 then I will look for an opportunity to go to Long
the expected stop-loss 15.17
if the market does not adapt to my imagination, then I will'll be watching the price further
Considering whats been happening in metal this week starting with the Monday massive dumping of gold futures, this duo is surprising resilient, especially silver. As mentioned before, COT shows aggressive GC net short by commercial suggesting this down move will come, no surprise there. Question, is what's the reason for the massive dumpings starting Monday? If...
