178 replies to this topic

[senorBS]

interesting here, need to see a bit more of a bounce off the low but I am thinking the odds are increasing that silver's correction, and likely the miner's too, is done, added some SLV and SLW with tight stops Senor

Edited by senorBS, 07 March 2014 - 11:44 AM.

[senorBS]

the bears are yesterdays news
deflation is yesterdays news.
we are moving to a more inflationary view. hyperinflation is someones dream. i have never seen that . i remain in the stagflation view. we are very early in that cycle
looking @the charts, my educated guess is silver is going to lead. we banged towards 1358 a couple of times and it was too well defended. we back off shake off the weak hands and then try the maginot line again. i suspect next week
the feel of the market has changed.
there are lots of gurus out there. one will wear the mantle of supreme guru for a period. my job is to make $$$ so, i read all of them , maybe except ski. and do what i think, and what i think is this is a correction the market has an impulsive feel and if i can get a silver miner that is oversold and diverging on the hourly charts then i add, if not i sit tight
its obvious to me that big money has come into the mining sector. sinclair told me when i started in this biz, the big money comes into the miners 1st . then they physical. i operate under this principle . it makes sense to me. the big money gets more bang for their buck that way. just take alook @the volume in the miners over the last couple of months. most are up 30% and the juniors have doubled and tripled. look @ sprotts lsg.
the backdrop of rising commodity prices is real. doughts and money printing have changed the game. now the wheeler war cycle has turned up. the bear in gold served its purpose. now , things are slowly slowly changing. anyone preaching parabola now , hand them some pom poms its a slow steady grind
dharma

fully agree as usual amigo, I think silver is finishing (maybe finished) an abc correction and I like its risk/reward here, I believe I saw that the CRB made a new high today since sometime in 2012, and the beat goes on....

BSing away

Senor

[dharma]

thanks senor. we old hands have experience as a great guide

no folks this is not rocket science, this is a chart of the adjusted monetary base. i got it off the st louis fed website!
what we are waiting for is the velocity of money to turn up. then its a new game
http://research.stlo.../fred2/graph/?s[1][id]=BASE
we are not printing money, ok maybe a little!
too bad they dont sell bridges


here is the m2 velocity of money chart http://research.stlo...red2/series/M2V when this turns up , watch out inflation is a sealed deal

dharma

Edited by dharma, 07 March 2014 - 12:03 PM.

[dougie]

http://scharts.co/1criMde

SLW rejected at channel top

interesting here, need to see a bit more of a bounce off the low but I am thinking the odds are increasing that silver's correction, and likely the miner's too, is done, added some SLV and SLW with tight stops

Senor

[dougie]

more bullish ST view: http://scharts.co/1cI78VW

Edited by dougie, 07 March 2014 - 12:39 PM.

[dharma]

dougie , links not working dharma

[dougie]

weird: traders talk is changing those links so they don't wrk

Edited by dougie, 07 March 2014 - 01:22 PM.

[dougie]

http://stockcharts.c...amp;a=339420117

[dougie]

if you copy them and paste they work

[stubaby]

more bullish ST view: http://scharts.co/1cI78VW

That's the one Dougie!

stubaby