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#1 AChartist

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Posted 24 March 2013 - 11:47 AM

I am hoping for a throwdown or trough for a week.
I want to do SLW calls, coins, and pslv in an IRA
on Friday and Monday.

This could go down with an end of month stock push since
the metals are trading opposite stocks. or it could just trough
with time.

I am working on SLW weekly and Gold Weekly.
Should this near term surge occur, the weeklies
have another set of lows to form toward end of Jun.
It would be nice for that to be a higher retest of a breakout,
after this near term move has materialized.

I like this discussion, begin at 1 hour.
It is Christian, about finance, metals, currency


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"marxism-lennonism-communism always fails and never worked, because I know

some of them, and they don't work"  M.Jordan


#2 senorBS

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Posted 24 March 2013 - 08:32 PM

I would not mind one more new low in Silver for this decline and have gold make a much higher low and then maybe it's grande norte, we see Senor

#3 tria

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Posted 25 March 2013 - 08:29 AM

The lower trading range levels for this holiday shortened week in Gold and Silver were tested earlier this morning IMO. The higher levels should be around 1615 in Gold or a bit higher. -tria

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#4 dougie

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Posted 26 March 2013 - 12:26 PM

I would not mind one more new low in Silver for this decline and have gold make a much higher low and then maybe it's grande norte, we see

Senor

someone listening!
thing is, silver could resolve the OTHER direction

#5 senorBS

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Posted 26 March 2013 - 01:53 PM

I would not mind one more new low in Silver for this decline and have gold make a much higher low and then maybe it's grande norte, we see

Senor

someone listening!
thing is, silver could resolve the OTHER direction


of course it could, me no think so however, I think they are tryin to make the few bulls give up cause it just "can't seem to rally", we see

Senor

#6 tomterrific14

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Posted 26 March 2013 - 02:49 PM

I would not mind one more new low in Silver for this decline and have gold make a much higher low and then maybe it's grande norte, we see

Senor

someone listening!
thing is, silver could resolve the OTHER direction


of course it could, me no think so however, I think they are tryin to make the few bulls give up cause it just "can't seem to rally", we see

Senor


On the weeknly GDX, the RSI is more oversold than at the 2008 panic low.

http://bbs.cobrasmar...f...9&mode=view

#7 dougie

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Posted 26 March 2013 - 08:04 PM

IS that a massive H&S top???

I would not mind one more new low in Silver for this decline and have gold make a much higher low and then maybe it's grande norte, we see

Senor

someone listening!
thing is, silver could resolve the OTHER direction


of course it could, me no think so however, I think they are tryin to make the few bulls give up cause it just "can't seem to rally", we see

Senor


On the weeknly GDX, the RSI is more oversold than at the 2008 panic low.

http://bbs.cobrasmar...f...9&mode=view



#8 stubaby

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Posted 26 March 2013 - 09:39 PM

http://stockcharts.com/c-sc/sc?s=$SILVER&p=D&yr=0&mn=2&dy=0&i=p23692552568&a=278411869&r=334.png

#9 AChartist

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Posted 26 March 2013 - 10:15 PM

I't can't work this way exactly but here it is, that lowpoint is tomorrow.

What I try to do is wait for the event, if not tomorrow then maybe the next.

I actually don't have much available cash and I have recently made 3 purchases on low days.

I am going to make a purchase on Friday or Monday which may be on the way

up, which would be ok too with a little confirmation, in fact is the best approach

either hit a throwdown just right or let is show some reversal up with volume qualities.

( I'm not sure if market trades friday AM),

I can add to a gold mutual fund in 401k, on a good throwdown I want to buy the British Sovereigns.

This last wave looks like it wants a wave v throwdown day.


Date on chart should be 3/26


Posted Image

Edited by AChartist, 26 March 2013 - 10:16 PM.

"marxism-lennonism-communism always fails and never worked, because I know

some of them, and they don't work"  M.Jordan


#10 senorBS

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Posted 27 March 2013 - 08:37 AM

I't can't work this way exactly but here it is, that lowpoint is tomorrow.

What I try to do is wait for the event, if not tomorrow then maybe the next.

I actually don't have much available cash and I have recently made 3 purchases on low days.

I am going to make a purchase on Friday or Monday which may be on the way

up, which would be ok too with a little confirmation, in fact is the best approach

either hit a throwdown just right or let is show some reversal up with volume qualities.

( I'm not sure if market trades friday AM),

I can add to a gold mutual fund in 401k, on a good throwdown I want to buy the British Sovereigns.

This last wave looks like it wants a wave v throwdown day.


Date on chart should be 3/26


Posted Image



Looks like what I said earlier could be happening right now, a finale el thrusto down is silver while gold and the miners in gemeral go sideeways. muy bueno so far and silver might fail to go below 27.92

BSing away

Senor

Edited by senorBS, 27 March 2013 - 08:37 AM.