Tag Archives: Gold & Silver ETF’s
GDXJ Chart | Metals
The worst looks over for the metals… Nem as well as the mining etf’s are showing a tradeable low that will be confirmed with closes above yesterday’s highs
GOLD
Whether you use an all session chart or a pit only, the 1630’s will be a rough zone. This is where the 200 day mvg avg comes in depending upon which map you favor. Move your BUY Stop in the … Continue reading
A.M. Look 8/25/11
The PAC boys and the rest of the vultures are circling Jackson Hole. This should be another day filled with something for everyone. Rumors and innuendo should keep trading lively all day. This market is a day traders paradise. Today … Continue reading
Position Reminders…Stops
Some of you have already sold your REE, if not, be out by the close today. PAAS…We will be out of this long today with a close lower on the day. TBT….Another hedge that is going nowhere. This is about break even..best … Continue reading
A.M. Look 6/1/11
It’s the first of the month again, let’s see how much buying we get from the cost average crowd in the equity indices this a.m.,Specifically we want to watch the early time frames for reversals of capital flow into 9 … Continue reading
A.M. Look 5/27/31
We got the 2 day rally in the equity indices I was looking for. The Spu printed last weeks close, which was the price action I was expecting. The Bulls would like to see a weekly close over 1335 to … Continue reading
Position Update
We have new people coming on board all the time. I will start with tomorrow’s A.M. update stating current positions on the bottom. It is important to understand that we trade rarely! Our focus is to keep our active traders, … Continue reading
Silver…Gold…SLV ETF
This is the type of price action I like to see if I am on a fishing expedition. Today I am fishing for Silver. I want to buy a little of the SLV ETF.Why, because it just put in a new … Continue reading
A.M. Look 5/6/11
So much for SINKO DE MARKETS DAY… We typically get a low for the rest of the month in the precious metals. Pattern alert GLD ( ETF)…this puts in an outside reversal lower week with a close below 145.45. We … Continue reading
Metals…S&P 500 Futures…Spu
We’re long Gold and Silver Etf’s ( GLD & SLV) against our short Aussie. I would need to see the Silver back above 38.25 in the futures to hold onto this leg. There is massive selling of the Euro and … Continue reading