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The Lunatic Fringe - Trading talk.

Lancers32

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Funny how this works. Silver refused to make new high when Gold rallied to $1955 now refuses to make a new low. SILJ. Currently around the $13.5 level. Previous lows $12.80-$13.10. NS bullish but here are his support levels. FWIW.
 

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savvydon

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Funny how this works. Silver refused to make new high when Gold rallied to $1955 now refuses to make a new low. SILJ. Currently around the $13.5 level. Previous lows $12.80-$13.10. NS bullish but here are his support levels. FWIW.
Today's beat down was telegraphed, choreographed, in the cards, and set in stone. The metals started their beatdown pre Comex even while the dollar was getting hammered. With the Comex open the beatdown worsened, especially as the dollar rallied. My hope here is that metals get whacked good over the next three trading days. Then we may be looking at a solid buying opportunity. We c...
 

dpong

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Funny how this works. Silver refused to make new high when Gold rallied to $1955 now refuses to make a new low. SILJ. Currently around the $13.5 level. Previous lows $12.80-$13.10. NS bullish but here are his support levels. FWIW.
SILJ... Ouch!

[My stop loss might barely support that. Barely.]
 

Lancers32

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Not everyone is bearish. I would rather see very high volume in the miners on a day like today. $1830 Gold today's low is the highest level of support under the previous bottoms. 2 months from the September bottoms.
 

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Zed

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Zed

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I have to say that was a classic Comex Monkey Hammer last night! Good to see the predicable happening, gives me confidence!

SELL!

 

Zed

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Oh.... 6% down here. Looking like the start of crapitulation FWIW.
 

Zed

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Lancers32

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Oh.... 6% down here. Looking like the start of crapitulation FWIW.
Gonna buy a big break in the AM if the market cooperates. Ones I watch CDE crapped the bed HL held up OK as did SILJ. CDE around $6.50 I am buying doubt we see that low but you never know. Tomorrow most likely will not be the low.
 

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Gonna buy a big break in the AM if the market cooperates. Ones I watch CDE crapped the bed HL held up OK as did SILJ. CDE around $6.50 I am buying doubt we see that low but you never know. Tomorrow most likely will not be the low.
No. I have stink bids in place. Might not get hit but I'll give it a 50% chance.
 

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Lancers32

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Unless you are very adventurous it is safer to buy the day after a hammer low candle. I haven't seen any capitulation volume to the downside yet in mining stocks but probabilities favor at least an oversold bounce if we get a good washout today. $1800 and $23 are targets for the BTD crowd.
 

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dpong

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Watching my 40% stop loss on AG. I bought the black arrow. Sold half the position many weeks ago and bought FSM.

xwKgSlDm.png
 

Lancers32

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If you are interested they seem to have been going after the early morning lows around 10:30 lately. Miners impressive today. But this whole thing has been crazy so who knows?
 

Lancers32

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Does Kitco always go down on down days? :winks2:GDX once again. Someone mentioned that if we close November red in Gold that it would be the first time in 50 years this would have happened. Not that it matters.
 

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