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Is this a bull trap in PM's ???

Timbuk3Timbuk3 Posts: 11,658 ✭✭✭✭✭
in Precious Metals
What are your thoughts !!!!
Timbuk3

Comments

  • roadrunnerroadrunner Posts: 28,313 ✭✭✭✭✭
    Not necessarily a trap. It's rallied about $200 so far. A rest would make sense at anywhere in the $1740-$1800 range. $1740 was already hit.

    If the trap isn't sprung by Thursday this week, it will be by next Wednesday.
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • piecesofmepiecesofme Posts: 6,669 ✭✭✭
    Is this a bull trap in PM's ???

    aka head fake, bait & switch? Trust nothing the talking heads say. Judge them by what they do instead. JPM is short bigtime...follow the money.
    To forgive is to free a prisoner, and to discover that prisoner was you.
  • NumbersUsacomNumbersUsacom Posts: 1,457 ✭
    The weekly emas are converging from below and this area we are currently in (Dec Silver) may get a little sticky. It wouldn't surprise to see a $1.25 trading range develop until the winner takes all. The dollar is receiving some support after last weeks knockdown and that may continue for a day or two.

    The Monthly Dec Silver is still pegging up up and away.

    We have set a NEW HIGH in GOLDNEW HIGH IN GOLD SET TODAY !!
    NumbersUsa, FairUs, Alipac, CapsWeb, and TeamAmericaPac
  • derrybderryb Posts: 37,630 ✭✭✭✭✭
    only if CME raises margin requirements and FED doesn't deliver this week. If you have your doubts get out now. I'm sticking. . . for now.

    No Way Out: Stimulus and Money Printing Are the Only Path Left

  • percybpercyb Posts: 3,333 ✭✭✭✭
    What do you mean by Bull Trap?
    "Poets are the unacknowledged legislators of the world." PBShelley
  • piecesofmepiecesofme Posts: 6,669 ✭✭✭
    only if CME raises margin requirements

    oh yeah, I forgot about that little manipulative trick.
    To forgive is to free a prisoner, and to discover that prisoner was you.
  • RedneckHBRedneckHB Posts: 19,673 ✭✭✭✭✭


    << <i>only if CME raises margin requirements

    oh yeah, I forgot about that little manipulative trick. >>



    Lets not forget margins were lowered this past Spring/Summer.
    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • derrybderryb Posts: 37,630 ✭✭✭✭✭


    << <i>oh yeah, I forgot about that little manipulative trick. >>


    You used the M word. image

    No Way Out: Stimulus and Money Printing Are the Only Path Left

  • Wolf359Wolf359 Posts: 7,663 ✭✭✭


    << <i>What do you mean by Bull Trap? >>



    A ruse to lure you into the market due to rising prices, but the plan is to drop the hammer on you and the price in the near future.
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  • PokermandudePokermandude Posts: 2,713 ✭✭✭
    Looks like we've hit a little resistance. I wouldn't be surprised if there was a quick beat down back to around $29.
    http://stores.ebay.ca/Mattscoin - Canadian coins, World Coins, Silver, Gold, Coin lots, Modern Mint Products & Collections
  • JustacommemanJustacommeman Posts: 22,852 ✭✭✭✭✭
    On this board a bull trap means the OP had usually missed the run up, is not involved or is negative to PM's in general.

    On this board a bear trap means the OP is usually leaning to the wrong side and wishes it was over and is a lover of PM's.

    A thread like this is started after every run up or beat down. Human nature I suspect.

    MJ
    Walker Proof Digital Album
    Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
  • tneigtneig Posts: 1,505 ✭✭✭


    << <i>Looks like we've hit a little resistance. I wouldn't be surprised if there was a quick beat down back to around $29. >>



    I'll jump on that!
    COA
  • MilesWaitsMilesWaits Posts: 5,422 ✭✭✭✭✭


    << <i>On this board a bull trap means the OP had usually missed the run up, is not involved or is negative to PM's in general.

    On this board a bear trap means the OP is usually leaning to the wrong side and wishes it was over and is a lover of PM's.

    A thread like this is started after every run up or beat down. Human nature I suspect.

    MJ >>



    Well put, MJ! That/this is why you are the uncommon Man.

    Miles
    Now riding the swell in PM's and surf.
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