Coiled and ready to move
Which direction? exactly!
tiny
Showing posts with label Silver. Show all posts
Showing posts with label Silver. Show all posts
Monday, May 23, 2011
Thursday, April 28, 2011
Gold and Silver
New highs may be work done, but way too early to try and lean on the short side.
Notice the action up here, the mini rotatiton is a sign of lack of buying commitment. of course, with the way gold and silver have been trading, that may just be temporary.
I haven't changed my tune on gold and silver. I'm still stalking a spot for a correction to start from.
Michael tiny Saul
tinymjs at gmail dot com
Notice the action up here, the mini rotatiton is a sign of lack of buying commitment. of course, with the way gold and silver have been trading, that may just be temporary.
I haven't changed my tune on gold and silver. I'm still stalking a spot for a correction to start from.
Michael tiny Saul
tinymjs at gmail dot com
Wednesday, April 27, 2011
OK, I'm saying it!
Contrary to popular sentiment, I'm going to be watching If gold and silver get to new highs. I will then be watching for a short side entry within a few days of hitting those new highs.
I wont be fading a certain level, but I feel that new highs may be one last gasp before a nice size correction.
I'm not a trend fader by any means, and I certainly wouldn't step in front of a runaway train, but new highs with divergences and a nice reversal pattern could be a good risk reward scenario.
The "we are buying $3 over spot for silver and $38 for gold" ads I've been seeing are just more signs that sentiment is leaning way too far in one way. Add in some key cycle dates, and the ingredients of a reversal are there. Of course, my sister in law tried to make cream puffs last Sunday, and they came out atrocious (sorry!), so just the ingredients themselves does not make a cream puff, or a reversal. In other words, who cares what my opinion is, what the cycle dates are, or how big the bullish sentiment is. Wait for a signal and use proper size and stops!
All the best in your precious metals collecting!
Michael tiny Saul
tinymjs at gmail dot com
I wont be fading a certain level, but I feel that new highs may be one last gasp before a nice size correction.
I'm not a trend fader by any means, and I certainly wouldn't step in front of a runaway train, but new highs with divergences and a nice reversal pattern could be a good risk reward scenario.
The "we are buying $3 over spot for silver and $38 for gold" ads I've been seeing are just more signs that sentiment is leaning way too far in one way. Add in some key cycle dates, and the ingredients of a reversal are there. Of course, my sister in law tried to make cream puffs last Sunday, and they came out atrocious (sorry!), so just the ingredients themselves does not make a cream puff, or a reversal. In other words, who cares what my opinion is, what the cycle dates are, or how big the bullish sentiment is. Wait for a signal and use proper size and stops!
All the best in your precious metals collecting!
Michael tiny Saul
tinymjs at gmail dot com
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