JI
jimkane
Rep: 3,058
Posts: 33,089
I have to start the topic again? C'mon, let's get some volunteers in here. Okay, Sunday night showtime, let's roll.
JI
jimkane
Rep: 3,058
Posts: 33,089
Okay, so far things are starting out as expected, with one notable exception. If you look back at my post from last week, you'll see I left that one off my list. ES: up, check. Aussie: up, check. Crude: up, check. Euro: up, check. What about silver, the one I left off the list? I had a 'bad' feeling when it didn't follow gold and the other risk assets up on Friday, but instead sold. Recall what I said. Look back at the posts. It had that 'waterfall' feel to it. Anyone who doesn't know what a 'waterfall' looks like on a chart, well, look at silver right now.
My data shows it just hit 42.50. Off from the low 49's on Friday. That's what, hmmmm, let's say about 14% in one quick shot. 'Waterfall'. Don't say I didn't see it coming... I guess between insane margin hikes and manipulation by TPTB (The Powers That Be), you can see what they are trying to do. I hope they crush it to dust, so I can buy a bunch on the cheap. But I wouldn't count on it staying down for too long... I can't find any specific silver news yet, but I'll keep watching.
BTW, the Aussie just started dumping hard, and the Euro. GC and CL starting down, and the ES. Silver at a new low. Is the move into 'risk off' going to start? Was that the final blowoff, or does it need a big, serious blowoff? I just love trading...
My data shows it just hit 42.50. Off from the low 49's on Friday. That's what, hmmmm, let's say about 14% in one quick shot. 'Waterfall'. Don't say I didn't see it coming... I guess between insane margin hikes and manipulation by TPTB (The Powers That Be), you can see what they are trying to do. I hope they crush it to dust, so I can buy a bunch on the cheap. But I wouldn't count on it staying down for too long... I can't find any specific silver news yet, but I'll keep watching.
BTW, the Aussie just started dumping hard, and the Euro. GC and CL starting down, and the ES. Silver at a new low. Is the move into 'risk off' going to start? Was that the final blowoff, or does it need a big, serious blowoff? I just love trading...
JI
jimkane
Rep: 3,058
Posts: 33,089
Aussie just going straight up off that little dip, back near the all-time highs, set earlier in the session. They just love that Aussie. Or rather, they just hate the USD.
JI
jimkane
Rep: 3,058
Posts: 33,089
Silver .447 and key line comes in in the low 45's, and it's pretty much there. This will bear clues, I suspect. Blow it out to the upside, roll and then ramp, or just roll? Watch what it does here. Watch right now.





