977 replies to this topic

[dougie]

 

 

folks have talked about a big move in silver. now we have a mac cross back above 0  it becomes a possibility

https://pbs.twimg.co...6OeXYAghEfz.png

dharma

Silver and SILJ may have the best upside leverage here. This week I talked about the large 5 up in SILJ from May and this week the 50% retrace being hit and gotta like "how" we came off that low. SILJ/SLV ratio I have mentioned as well and IMO it allows/suggesst a BIG upside move dead ahead. Maybe it does not happen but the Ewave and technical set up is there about as good as one could ask. My dos centavos

 

Senor

 

Silver lookin bueno this morning, lets see if SILJ and others "light my fire" in a wave 3?

 

Senor

 

not so fast.

Action looks like we have 6 more weeks of consolidation or heartache as on possibility. COTs dont support a bullish move here 9admittedly not infallible)

What is sentiment saying

[linrom1]

I think that action in SILVER is all BS, without AU moving up this is all tape painting to scalp small retail traders who are so eager to jump in the minute SILVER goes up $0.05.

[dougie]

yep hard to see teh bulish case here imo

[dharma]

yep hard to see teh bulish case here imo

how about the fed printing 60 billion a day. how about the attack on the saudi refinery

i could go on. 

how about the pennant in gold or the bull wedge in gdx?

its all how you want to see it!!!??

for me its a timewise thing. the markets look fantastic. the cots, the commercials were short the entire bull of 01-11 they have expanded their shorts here as open interest expanded. i am not an expert on cots. i should not talk about them

the dsi got down to 24.  yes, its not below 10.  does it have to get below 10?   

dharma

questioning is good probably keeps one from going broke. too many went broke from 11-18  in the gulag consolidation phase. you cant rush these things they happen in their own time

[K Wave]

ULGY looking sticks on SLV 2 hour 4 hour and daily after today reversal.

 

Looking thus far like a massive failure to reclaim 16.50.

 

Still bearish until 16.50 reclaimed....

Another move back above that level now intraday will likely be the real deal.

But still looking for 15.50 area first...

[linrom1]

I think market insiders are getting out of SILVER. Nothing else makes sense. I am expecting a big swoon.

[tradesurfer]

I think the commercials are getting pissed that they are not driving the price down enough. It is like pushing on a string.

 

Any decline in price and they will probably panic cover creating a huge and fast V bottom.

 

either that or they panic cover right now to close out their disastrous timing.

[dougie]

the commmercials dont work like that IMO. they are mostly hedging

[stubaby]

Great article from Jordan!

 

https://thedailygold...rrected-enough/

[stubaby]

Wave count (using $XAU) to finish-up Wave 2 of 3, FWIW   Target range is 68.8% FIB or somewhat below in an overthrow to be bought, IMHO

 

 

http://schrts.co/VCzKISFp