21 replies to this topic

[tria]

This is all I wish to say for now and most probably tomorrow and/or on Thursday. The action today was just as expected due to the June futures OPEX day. -tria

[tria]

Bought one more 1/4th Silver trading position @ $16.65 as I said I would last Tuesday. -tria

[tria]

Sold the 1/4th of My Silver trading position for a tiny profit. June finds Gold in a problematic situation and I wish to be just 1/2 long. I think a better entry point should present itself soon or as late as late June. -tria

[tria]

Odds are we will not see any strong rally for the next few days. In fact I will not be surprised at all if we drift a bit lower, short term. -tria

[tria]

It is so boring that I took the opportunity for other business. I just came back and read some comments about Gold going to $1,000 or even lower. IMO the $1,1150 area is good enough for me and if it drops there, it will be probably be by late June. Whether another low (higher or lower) comes in the autumn remains to be seen. Too early to tell. -tria

[dougie]

sure looks to me like we are bottoming in miners. though i am partly hedged

[tria]

Bought 1/4th trading Silver position @ $16.42 Placed order good till Friday for another 1/4th @ $16.03 OBV indicator tells me to prefer Silver to Gold for now. -tria

[tria]

To sum up 1/2 long Gold and 3/4th in Silver as of today. -tria

[tria]

My order to buy Silver @ $16.03 was filled. Now fully long in Silver and 1/2 in Gold. A further drop in Silver during June will result in making me use more leverage. -tria

[tria]

The bad news is of of another drifting lower week for Gold but not by much I think. The good news is that a good entry point should present itself during the 13-16 June period and this is when I will buy my other 1/2 Gold position and probably some August and/or September Silver futures options. Buying USLV will be also considered during 6/13-16 instead of the Silver options. JMHO -tria