31 replies to this topic

[tria]

Gold should move lower and I will not assume the magnitude of the drop/correction or its duration at this time.

Worst worst case scenario is the 1,140 area at the end of June.

Silver should react to Gold's drop with some hysteresis.

Until I see the OI in the futures decrease, indicating stop loss selling and short covering, I will remain defensive

and will most likely lighten up a bit more asap.

 

Perhaps I am wrong this time but sorry, no tria of tria (3 of 3) in my vision for now.

-tria

Edited by tria, 24 April 2016 - 12:36 PM.

[tria]

First thing this morning (local time) I got rid of half the GCM16 futures (at 1,235.50) bought last week with a small profit.

Like I said, I do not wish to speculate at this time on the depth and/or the duration of this correction.

The present conditions are such that makes me very cautious for now.

On further strength later today, the rest will probably be sold or even go a bit short to counter balance the long options.

A sustained move this week above last Thursday's high, means I am probaly wrong.

[SemiBizz]

Handwriting was on the Wall on Thursday...

 

[tria]

Remaining June Gold futures just sold at 1,240.20 for a small profit.

Just long Dec Gold and Silver calls, short puts (naked) now until things are more clear to me in early May.

Edited by tria, 25 April 2016 - 09:11 AM.

[johngeorge]

tria

 

I did some selling this morning as I got a short term sell signal on the PM miners.  Now looking at DUST as insurance for the balance of my PM miners portfolio.  Thanks for the updates.

[tria]

You are wellcome JG, Easter week 4 me and will try to be as far away from the action as possible.

[tria]

Excellent call on timing by Gunnman

Posted 24 April 2016 - 02:20 AM

i have a turn for gld late in the day monday-

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I suggested turning lower from an intraday high.

 

Posted 24 April 2016 - 08:47 PM

I see it turning lower late Monday FWIW.

 

http://www.traders-t...the-day-monday/

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GM, I think you are on something very good, someting special with your timing system.

 

As far as I am concerned the late Monday High could, and I stress the word 'could' due to

this Wednesday's possible antics, be the high of the week. Today 'should' be a down day IMO.

 

Be seeing you,

-tria33

Edited by tria, 25 April 2016 - 11:26 PM.

[tria]

This small rise in Gold's price was addmitedly not expected by me but I see no reason YET

to change my view or my positioning of long calls and short puts for which I have paid

practically no premium.

As Senor said volatility may be the order of/in the next few days.

[diogenes227]

tria

 

I did some selling this morning as I got a short term sell signal on the PM miners.  Now looking at DUST as insurance for the balance of my PM miners portfolio.  Thanks for the updates.

 

Haven't pulled the trigger but been thinking about  DUST somewhere under $2 given that it can go to 20 in the blink of an eye, to 40 in a shrug of a shoulder, to even 80 in a great golden belly flop.

 

Long term.  Stop at zero.

 

[johngeorge]

"thinking about  DUST somewhere under $2 given that it can go to 20 in the blink of an eye, to 40 in a shrug of a shoulder, to even 80 in a great golden belly flop.

 

Long term.  Stop at zero"

 

Gotta love it!!!

 

Thanks diogenes