9 replies to this topic

[OEXCHAOS]

Median exposure at NAAIM fell to 70%, which was surprising to me given that the trend was and is clearly up as was breadth.

 

This suggests to me that even the pros are not embracing the rally (possibly "fighting the last battle"). I'm not sure it's a Buy signal, but it indicates that this Bullish phase likely has a way to go, corrections along the way notwithstanding.

 

[steadyquest]

Any feel for how much way to go?  The higher it goes, the more the idiots bet against it - and the more they bet against it, the higher it goes.  Since there is no shortage of idiots - the sky is the limit?  They should just sit on the sidelines for a while and let the prices find home.

 

[pdx5]

Pro's are not falling in love based on Hopium that inflation is going to collapse quickly and FED is going to pivot.

 

Federal Reserve Governor Chris Waller said Friday the Fed hasn't made much progress bringing down inflation based on the latest data while reiterating the view the central bank's job isn't done yet.

 

"Whether you measure inflation using the CPI or the Fed's preferred measure of personal consumption expenditures, it is still much too high and so my job is not done," Waller said in a speech at the Graybar National Training Conference in San Antonio, Texas.

 

"Financial conditions have not significantly tightened, the labor market continues to be strong and quite tight, and inflation is far above target, so monetary policy needs to be tightened further," Waller added.

[steadyquest]

[steadyquest]

Is silver finally making its move - or will it reverse here?

 

[OEXCHAOS]

Is silver finally making its move - or will it reverse here?

 

That looks bullish to my eye.

[steadyquest]

To my eye also - - - meaning it will probably turn down and crash

[linrom1]

 

 

Okay, it's very bearish now.

[da_cheif]

 

 

Okay, it's very bearish now.

wrong........like u sed   "the sky is the limit"....so keep watching the sky      ,....snort

[steadyquest]

Thanks linrom - my ego was desperately seeking a justification for my missing-out on the crash-up of silver - an event that I have only been anticipating for what feels like a small eternity.  I feel better now.  Do you have a downside price target for agq?  ,....snort?