Tag Archives: SLV
Currency Stops..Euro & AUD/USD..Follow up
We were stopped on the last piece of our Silver (SLV) The jury is out if we get to the 200 day or not for a chance to re-buy before month end. AUD/USD…EURO shorts…we will use stops just over last … Continue reading
JJG…SLV…Gold
Use a break even stop on the remainder of any of these positions. A close today in the S&P lower on the week 1334 is highly negative the commodity trade in general. Pay attention to the currency levels. Markets will … Continue reading
U.S. Dollar…SLV
The Dollar still acts bid and investors who bought the Silver yesterday should sell 30-40 % of the long SLV position to pay for the stop.
Risk On / Risk Off
The bots ( computers) are in control! Yesterday we missed the short side on the stocks. We’d like to put some out against yesterday’s high of 1352. Our current positions will be as follows: Short S&P 500/ Long 30 year Bonds futures, Long … 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
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
A.M. Look 5/5/11
Yesterday we nibbled on some Gold and Silver ETF’s.. Ouch! It’s painful to be early! The pain is only mitigated by the Short Aussie we hold against them.Silver needs to show some kind of a reversal in the next couple … Continue reading
SILVER..SLV ETF
I’ve just nibbled a little at the long side here via the SlV ETF. I do not want to totally miss the zone. Professional traders..it’s your discretion down here!
Gold….GlD….Silver…SLV
The metals are failing. Dr. Nenner’s high could be coming early. A close below the following levels today should have you out of any remaining residual longs. Those who kept that last 30% to see if we’d go back to … Continue reading
BKX,XLF,BAC
Long term investors should consider locking in some of their gains in the Financial ETF’s as well as BAC by 30%. I like this sector long term, but we’ve come a long way and some retrenchment is likely. REE…use a … Continue reading