16.53 last 18.00 target 16.125 stop Reasons: 1. Cluster of 5 days where the high is very similar = explosion pattern. 2. Range expansion "UP-bars" on the daily chart highlighted with blue triangles. 3. Range expansion "UP-bar" on the weekly chart 4. Volume building at the 16.50-16.60 level appears to be a breakout level if breached could lead to a...
Watching silver closely. Futures up today so far. Will see if it can top recent high in the next few days. SLV 1x, USLV 3x etf.
Decision imminent, only couple days till end of patterns. Diamond is in principle reversal pattern. And this time? Has anybody target for gold 1387 or for silver 20? Maybe lot of traders got too bearish and it is time to catch them on wrong foot... I was quite long in bear camp too... Gold has tried upside already, rejected so far... I know, there are HS...
The 2 charts look eerily similar don't they? This is not a prediction, only an interesting observation. In the short term I think the Nasdaq first goes to the 4000 level and then it retests the 2000 high and "pulls a silver". Will it go down from the 5000, 6000 or 10,000 level only time, the price pattern and investor psychology will tell. For the moment I am...
The 2 charts look eerily similar don't they? This is not a prediction, only an interesting observation. In the short term I think the Nasdaq first goes to the 4000 level and then it retests the 2000 high and "pulls a silver". Will it go down from the 5000, 6000 or 10,000 level only time, the price pattern and investor psychology will tell. For the moment I am...
- TL;DR: GLD in descending triangle similar to that of 2011- 13. Expecting up to 25% decline over next 6 months. - Trade: Short, Limit Cover half @ $98 and half @ $85, Stop Loss @ 124.5 (8%) -OR- Jun 30 113.00 Puts trading $2.91, BE $110 After nearly three years of uninterrupted gains, beginning in late 2008 and ending in late 2011, GLD set a high water mark at...
ETF is at a VERY strong resistance. Expecting a potential roll over (maybe) we shall see but either way, protection is epic.
Technical view, no QE speculations. SLV has reached: 200 DMA; resistance at 18.685; 61.8 retracement of last downleg. Downtrend is still intact, 200 dma still falling. Enough to enter short for pullback to 16 level, where could be decided if trend will proceed or reverse, but under yearly pivot the odds favor downtrend.
SLV has a good start for the year. RSI is strengthening and is breaking out. MACD is still negative but barely. To have an even strong case for SLV. I'd like to see 1) a close above 10 month MA 2) 10 month MA turning up 3) breaking out of the blue channel (still going downward).
The Similarity of the moves is uncanny. Silver just made new lows, will BTC follow. Also notice how the moves in BTC are happening 3x faster so going into next year BTC might predict the direction of Silver.
Classic example as to why you shouldn't listen to the sell-side & mainstream media...
What I'm thinking: bullion.directory
A picture is worth a thousands words
Just wow, What a round trip and i definately caught a falling knife here and bought $SLV Oct 14 19.00 calls having bought at .09 its a mere .04 now this is a back burner position for now still have almost 30 days before expiry. Minor side note. I stopped stacking silver when price broke $30, now at almost a 50% discount, you can be your @$$ im gonna buy more....
SLV due for a nice bounce
Failed H&S pattern breakdown means the H&S WILL materialize itself in the near future bringing possibly 1.13. No more correction!!!
We've received a few emails about the most recent move in GC and why we "didn't see it". We saw it but that is a small break inside of a much larger pattern. This trade is not in our trade plan and we choose to look for larger opportunities. Consult your weekly chart...it tells a better story of GC. If this continues to break we will look for entries but for...