59 replies to this topic

[tria]

The Buy/Wait free email advisers were running 10/2 in my junk box yesterday.

One that suggested some caution was Joe Friday.

Silver- Large bearish reversal pattern (bearish wick) taking place

http://blog.kimblech...gsolutions.com/

 

Anyway from my point of view, the battle lines for next week and till the 4/29 OPEX have been set.

Strong fortifications (large OI) have been erected between the following parallels (option strikes):

 

GLD 121.00 - 116.50

SLV 17.00 - 15.50

GDX 24.50 - 21.50 and certainly above 20.00

 

Just my opinion/quick analysis but in a fierce battle as the middle of next week has the inherent potential to be,

they take no wounded prisoners.

Edited by tria, 22 April 2016 - 07:36 AM.

[relax]

So a bit a like opex last friday, negative bias above 121 gld and buy mentality the closer we get to 116,5

 

Thank you for any input ;-

[tria]

My poor/stupid choice to play the correctly anticipated Gold weakness with Dust looks very dusty to say the least.

 

If you can't stand the 3X heat stay out of the kitchen they say.

Further more, I have noticed that if a ST position I initiate is not working within the first 3-days, it is a wrong position.

 

Dust stop was removed.

Decision time 4 me.

[tria]

One half of the Dust was dusted off at 1.96 for a +5% on average profit.

Don't want too much dust in my sheets this weekend, perhaps not at all by the close.

[tria]

Model says wait for next Tuesday, you fool.

 

Not for the first time neither for the last, I overrode it and bought the 1236.70

will buy the 1227.90 if offered today.

Edited by tria, 22 April 2016 - 11:01 AM.

[tria]

Feeding them with remaining Dust at 2.04 if they want it.

 

From Monday/Tuesday Long only 'Bone Collector'.

[tria]

from Dust to Tria :

"Mission accomplished dude"

 

from Tria to Dust :

"Fine, well done triple X and now find another dude to orbit around".

[tria]

Model says wait for next Tuesday, you fool.

 

Not for the first time neither for the last, I overrode it and bought the 1236.70

will buy the 1227.90 if offered today.

 

It was offered and I duly bought it, the $1,227.90 that is.

Potentially more buying at strategic levels and time next week.

 

Now a bit long but not overy yet, about one half.

 

Playing/trading the range since mid-February has been fun and  profitable, about $200.00/oz.

[tria]

As I suppose we all expected a bad COT report was just released and

especially the one for Silver is.

 

Be seeing you.

-tria

[senorBS]

still looks like gold might need a wave C or second abc of a double zg down to 1190 plus or minus some IMO, does not have to happen but the recent rally at this time looks corrective so far

 

Bing away

 

Senor