2512 replies to this topic

[linrom1]

 

Pesavento sold all his gold and silver. He thinks the rally was just short covering because he sees no expansion in open interest? DYOD.

I was taught that when open interest goes up price goes down. 

 

He's the CME trader, he should know?

[linrom1]

CME Globex Weekend Hours

 

Closes at 2PM CT on 4/1

Closed 4/2-4/3

Open Sunday at 3PM CT

[CHAx]

CME Globex Weekend Hours

 

Closes at 2PM CT on 4/1

Closed 4/2-4/3

Open Sunday at 3PM CT

 

Here is a link to official CME hours:

 

https://www.cmegroup...ule-compact.xls

 

So metals/energy will be closed at 5PM eastern 4/1 and closed until Sunday 6PM eastern.

 

Equities, agg, etc have different schedules.

Edited by CHAx, 01 April 2021 - 12:58 PM.

[crossd]

Biden's infrastructure plan extremely inflationary..i think that is what triggered the metals

donc

[dougie]

took some off at the close

[tradesurfer]

I think a major bottom is in here.... Even in Gold price looks like an almost perfect double bottom.

 

On weekly time frame gold price a big hammer candle...

 

Today new quarterly price bar and cannot rule out that this new quarterly price bar will be a MARIBOZU bar, which would mean the low is equal to the open

Edited by tradesurfer, 01 April 2021 - 02:45 PM.

[linrom1]

Shorted small position in silver

[gannman]

really nice day for us lets keep it up 

[tradesurfer]

I just wish sentiment and bullishness in the gold and silver sector would get into a phase that stock investors have seen.....   ie.  it gets uber bullish and stays uber bullish even after the most extreme bullish price moves....

 

 

 

really nice day for us lets keep it up 

[linrom1]

 

Bearish count is still a possibility?