Precious metals were left for dead at the end of 2013, but all shiny assets are off to a strong start in the new year. Precious metals miners have been leading the bounce, which is …
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Below is a list of interesting untied stock, etf and index options activity on the day: 1. AA – the stock continues its monster run, up 6% today, up 13% yt and up 22% from …
Continue readingGDX is trading above its 50 day moving average for the first time since October 2012. That’s quite a 9 month streak of weakness, paralleled by the steep downtrend in gold and silver in that …
Continue readingThe precious metals have been getting smoked for the past 6 months. When Sunday night futures opened in silver, the price dropped almost 10%, as sell stops were hit when it made a new low. …
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Usual suspects dominated volume today. BAC – Buyer of 60k of the Nov 9 puts this morning for 0.21. BAC was able to regain its 50 day ma today, which sits at 11.89. FB – Buyer of …
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Gold and silver have had a rough week, but I when I first read the headlines from overnight this morning, I figured they’d at least be higher today. That’s because the main news overnight was …
Continue readingLook at the chart of GLD vs. GDX (gold miners ETF) over the last 3 years: The black line shows GDX over the last 3 years (down 10% in the period), and the …
Continue readingTrade Update, Jul 20th, 2012 3:20 pm: I originally put this trade on in anticipation of a break of $25.50 in SLV, which was multiyear support. While SLV did make several attempts to break that …
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After another extremely quiet day yesterday, price action overnight has the feel of the usual European panic that we have seen so many times in the past 2 years. The Euro is back below 1.22, …
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Another relatively quiet overnight session in all markets on low volume once again. Asian indices were mixed, with the Shanghai the weakest performer, down almost 2% to close near the lows of the year. European …
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