As I write this at 9:10 am, futures now indicate a 0.2% higher open, after showing more strength earlier. Commodities are broadly higher, with copper and grains leading, up 2% or so, though SLV is …
Continue readingSLV
For efficient market theorists, the calendar shouldn’t matter. Who cares if it’s the 1st of the month or the 10th of the month, value is value. But market structure has certainly changed over the last …
Continue reading“China is the next world power.” “China will be the world’s largest economy in 20 years.” “China has more than a billion people. That’s endless demand.” I’ve heard variations of these stories for the past …
Continue readingPrice action in both gold and silver today have been spastic. Since silver is on track to record its highest volume day since March, and we’re so close to the multiyear breakdown that I …
Continue readingThe trend is your friend. You’ve probably heard it countless times, and I generally roll my eyes when I hear it myself. If only it were so simple. Where does the trend end and a …
Continue readingSilver caught my eye on Friday even though gold was getting all the headlines. There has been much talk about the potential for a break lower in GLD (here is one example of a technician’s …
Continue readingUPDATED TRADE BELOW: SILVER and GOLD had a heck of a week last week with their etf’s garnering much of the spotlight in the equity markets……SLV plunged 25%, while GLD saw a more orderly decline down ~4.5% …
Continue readingSLV is down 11.5% today and almost 30% in a week……Last week we took a quick look at the name (see below) asking if the move to the high 40s was a blow off top……Made …
Continue readingUPDATE 3:53pm Apr 26th. I’m taking the whole thing off at or around .75. Not worth the risk for the other .25, Rationale is simple, the stock has been amazingly volatile over the last couple …
Continue readingUPDATE APR 25, 2011 @ 10:22am: Stock has given back all of the 2.5% gap from the opening and now the stock is actually down almost 1%…..If this sort if trade still interests you be …
Continue reading