Member
Posted 14 April 2016 - 12:15 PM
The Illuminati are pressing gold mainly to take GDX below 22.00
Wish them best of luck but I'm not holding my breath about it.
You must mean below 20?
Quite a few GDX puts at the 22.00 strike and many calls at the 22.50 $ 23.00 strike so I think max pain is
22.50-22.00 at the close tomorrow but not written in a stone and better ignore this observation.
More important is my next post doing it for you mainly.
In the world of 0 and 1: "austerity" is the right thing to SAY; "spent more, print more" is the right thing to DO.
"You miss 100% of the shots you don't take."
~ Wayne Gretzky
Member
Posted 14 April 2016 - 12:39 PM
Take a pick and prick any price at any of the two charts below.
I pick the 20.05 level (first chart) for April and the envelope mid-line (second chart)
to be touched in May, if we are lucky.
Charts courtesy of Lee (the excellent channel man)/T-Theory forum
In the world of 0 and 1: "austerity" is the right thing to SAY; "spent more, print more" is the right thing to DO.
"You miss 100% of the shots you don't take."
~ Wayne Gretzky
Member
Posted 14 April 2016 - 02:25 PM
are we still going for gld 118 for opex ;-)
Thank you for all the updates, much appreciated!
Member
Posted 14 April 2016 - 02:41 PM
Relax, Ideally yes, plan/wish to unload some futures Gold tomorrow 1235-1245 ?
If unable, no problem, I'll see how next week shapes up in more detail and decide what to do.
In the world of 0 and 1: "austerity" is the right thing to SAY; "spent more, print more" is the right thing to DO.
"You miss 100% of the shots you don't take."
~ Wayne Gretzky
Member
Posted 14 April 2016 - 02:48 PM
SIL, SLW the miners are down 3%-4% today.
Silver, the metal is practically even.
Let us see if it drops soon in obedience to the 'follow thy leader principle'
Hope to replenish to bring the balance even between Gold and Silver positions.
In the world of 0 and 1: "austerity" is the right thing to SAY; "spent more, print more" is the right thing to DO.
"You miss 100% of the shots you don't take."
~ Wayne Gretzky
Member
Posted 14 April 2016 - 04:25 PM
At 1234.90 & 1241.70 (good till tomorrow's close) I am out of today's ST trading longs.
In the world of 0 and 1: "austerity" is the right thing to SAY; "spent more, print more" is the right thing to DO.
"You miss 100% of the shots you don't take."
~ Wayne Gretzky
Member
Posted 14 April 2016 - 05:29 PM
Here we go again, people react the same.
At 1,260 a couple of days ago, Calls/Puts = 10/1 (ten to one)
At 1,225 today, Calls/Puts = 1/1 (one to one)
Edited by tria, 14 April 2016 - 05:32 PM.
In the world of 0 and 1: "austerity" is the right thing to SAY; "spent more, print more" is the right thing to DO.
"You miss 100% of the shots you don't take."
~ Wayne Gretzky
Member
Posted 15 April 2016 - 03:22 AM
are we still going for gld 118 for opex ;-)
Thank you for all the updates, much appreciated!
Relax, so far out today it seems they are targeting/zeroing on spot Gold 1,230 number
which corresponds to 117.50 GLD
(1,230-55)/10 = 117.50
Can't relax completely, until this charade is over and done with.
Call it a 'free-manipulated/chained' mkt.
Long live Crimex-Comex/Nyse...
In the world of 0 and 1: "austerity" is the right thing to SAY; "spent more, print more" is the right thing to DO.
"You miss 100% of the shots you don't take."
~ Wayne Gretzky
Member
Posted 15 April 2016 - 03:38 AM
tria,
I don't follow options. Are you still anticipating a small bounce in gold today, say up to $1240, or early next week? Or is it downhill from the $1230 area after today?
Member
Posted 15 April 2016 - 03:45 AM
how about up to 1240-1250, and then down to 1200 or 1140 in may ;-)
enjoy the weekend Tria
