<< <i> 40 cents an ounce is getting hammered? ............yup.
And today....we know the rest of that story.
If you though Friday's silver miner candles were ugly....look at today's. And sure enough, silver took at that $19.65 level. I like the way $1250 gold held up today. Silver could reach $19.00 though as it's been the weaker of the pair. Gold is strongest (so far) among the miners and silver. I don't think we get back to $1200 gold. There are a pair a "no-trade" zones from $1206-$1213 and $1237-$1247 where prime time NY wasn't part of the previous action. And they don't like being left out of the action and stamping it with approval. The latter is a near sure thing by end of the week. Not so sure about $1210ish. SOTUA/FOMC coming to a theater near you.
<< <i>Was hoping for a nice pop to 21 ish But that's not happening. I think we will see 18.XX by the end of Feb.
15 by years end. >>
I thought silver and gold would get crushed a lot more than they did so far this week. $19.40 silver and $1248 turned out to be not that big a sell off. The miners got hammered for a couple of days but they rebounded strongly the past 1-2 days. Pretty hard to get a positive pop during the Tuesday-Thursday of the end of month gold and silver options expiration week. Gold did great just to remain within $10-$15 of the recent highs.
America isn't toast compared to Argentina, Spain or Greece but if you think 47% drawing government freebies is a good thing, just wait until it hits 60%.
It will get to 60% because you guys are getting old. 10,000 people a day are no longer contributing to economic growth. They are now takers. Baby boomers rode the golden economic wave higher and are now fearful because they did not have enough children to support them. The greatest baby bust occurred from 1968 to 1976 when boomers were more concerned with vibrant colors.
America is not Argentina, Greece, Brazil, China or Russia. So much hatred and disgust on this board. I bet we'd all be happier if gold was at $5000, eh?
<< <i> Silver could reach $19.00 though as it's been the weaker of the pair. Great call Roadrunner. >>
Thanks. But didn't make a penny on it as I had no silver short position in play....and I probably should have gone short when it bounced back to $19.95 on FED day. I spent more time playing with the miners in both direction. I know derryb was loaded for bear with DSLV though. And that 40c "hammering" from early in the week set up silver for a $1.20 total hit reaching just under $19.00 today. In looking at where gold should have to go ($1205-$1215) and GSR trending to its 5 month upper channel....silver "could" retest its $18.21 low in these next 0-2 weeks. It's been the weak link with gold and miners doing much better.
Comments
<< <i>Apple trading down $37 after hours on earnings report.
Edit: Just wanted to see what the Snowman looked like. >>
try -$46!
<< <i> 40 cents an ounce is getting hammered? ............yup.
And today....we know the rest of that story.
If you though Friday's silver miner candles were ugly....look at today's. And sure enough, silver took at that $19.65 level.
I like the way $1250 gold held up today. Silver could reach $19.00 though as it's been the weaker of the pair. Gold is strongest (so far) among the miners and silver.
I don't think we get back to $1200 gold. There are a pair a "no-trade" zones from $1206-$1213 and $1237-$1247 where prime time NY wasn't part of the previous action.
And they don't like being left out of the action and stamping it with approval. The latter is a near sure thing by end of the week. Not so sure about $1210ish. SOTUA/FOMC coming to a theater near you.
Silvuh miners >>
I'd like to pick up a few more rolls, but it needs to be at my previous best price or lower and it isn't there yet.
15 by years end.
<< <i>Was hoping for a nice pop to 21 ish
15 by years end.
I thought silver and gold would get crushed a lot more than they did so far this week. $19.40 silver and $1248 turned out to be not that big a sell off. The miners got hammered for a couple of days but they
rebounded strongly the past 1-2 days. Pretty hard to get a positive pop during the Tuesday-Thursday of the end of month gold and silver options expiration week. Gold did great just to remain within $10-$15 of the
recent highs.
It will get to 60% because you guys are getting old. 10,000 people a day are no longer contributing to economic growth. They are now takers. Baby boomers rode the golden economic wave higher and are now fearful because they did not have enough children to support them. The greatest baby bust occurred from 1968 to 1976 when boomers were more concerned with vibrant colors.
America is not Argentina, Greece, Brazil, China or Russia. So much hatred and disgust on this board. I bet we'd all be happier if gold was at $5000, eh?
Knowledge is the enemy of fear
Great call Roadrunner.
Knowledge is the enemy of fear
<< <i> Silver could reach $19.00 though as it's been the weaker of the pair.
Great call Roadrunner. >>
Thanks. But didn't make a penny on it as I had no silver short position in play....and I probably should have gone short when it bounced back to $19.95 on FED day. I spent more time playing with the miners in both direction.
I know derryb was loaded for bear with DSLV though. And that 40c "hammering" from early in the week set up silver for a $1.20 total hit reaching just under $19.00 today. In looking at where gold should have to go
($1205-$1215) and GSR trending to its 5 month upper channel....silver "could" retest its $18.21 low in these next 0-2 weeks. It's been the weak link with gold and miners doing much better.