i thought about titling this the point of recognition, but honestly, i dont think we are there yet.
that is down the road.
speculators and the hedge funds have substantially increased their long play, and the banksters obliged them by taking the other side. get ready for some volatility it is about to ratchet up several notches. its a time to decide what is core and what is trade able while 1750, should we get there, is quite something compared to the 252 lows, we are not in the end game here. folks are talking about debt, trying to raise the debt ceiling and using band aids, cuts a couple of billion on a 14 trillion dollar debt the real show will begin when it is clear that sovereigns cannot pay. then the point of recognition will be upon us. this is just a prelude. notice on the 22 month cycle highs , it ends w/a run. i suspect this one will display more volatility and more run. miners are poised for higher prices. and silver is very volatile by nature so anything is possible here. but i would not bet on new highs for silver here.
decide what is core and hold it. it is possible , but i doubt it, that we go into a larger run here. so better to have your plan in place when things are quiet . in the fray , it is too late your views will be jaded. this debt ceiling crises better end by aug2, mercury goes retrograde on august 2, if you have been paying attention to mercury retrograde periods, then you know reaching agreements during mercury retrograde preiods is difficult @best. i dont expect this move to be reflective of the straight up move gold has exhibited these last 10 days. get ready for some volatility. have your plan. and buckle up , arms and legs in the vehicle. we are leaving kansas
dharma
now this is not trading advice . do your own due diligence . do your homework
jag appears to have made an inverse h&s pattern
dharma:
Yes - JAG looks promising here-I like the large falling wedge on the weekly chart:
http://stockcharts.c...13229&r=575.png
http://stockcharts.c...13233&r=697.png
http://stockcharts.c...83445&r=485.png
stubaby