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Welcome to the start of the autumn.
I have been to France and also made the first of a few
trips to visit family in England.Happy to be in cash and no plans to trade this year
but I may buy some silver.Never give up, never surrender.
In the past there was a warning given that markets
should not fight the Fed. Looks like we are going
to see the reverse play out and warn the Fed it
has to unwind it’s QE, raise interest rates,
let inflation rise, let stock markets fall.We are in for a very interesting autumn 😉
Never give up, never surrender.
Buy lots of silver Cimac…
soon you will not be able to. Delays in delivery are happening now. Some coins and bars appearing out of stock more than before. There is less silver available…simpulz…
Make sure you own physical and not paper nonsense which is worth shit. Silver target for me is 300 in $. I can envisage a lot higher, but it depends what they do. That target is based on current figures, ratios, paper money data etc.
vix at these levels… Interest rates ain’t goin up. More qe from US, Europe or the japs on its way. Higher silver 🙂
Silver coins seem best to me as you can buy in bulk
and then split their storage for security reasons.As for stocks and bonds, it’s central bankers having
a laugh and robots running stops back and forth.Sun in the south west atm and I have a busy day,
maybe on the silver markets 😉Never give up, never surrender.
khalsa, r u still trading?? perfect conditions for u if so
Absolutely yes. Daily my friend. Really awesome markets to trade currently. The SYSTEMS are just really providing the perfect bias.
Trust all is well with you and trading is as successful as ever
Plan your trade, trade your plan!
got to pay VAT on silver though right?
yes that is true but given the historic gold:silver ratio you will likely make more money on silver than gold as the ratio gets back to historic average of 16. Is about 76 at the moment!!
Some folks reckon silver could go 1:1 with gold! Basis being the silver mined over the years is used up in tech devices, solar panels, photography, etc etc. it is second only to oil in uses of a commodity. Gold meanwhile isn’t used like that and pretty much sits around as coins, bars or jewellery. Figures suggest there is more Gold above ground and ‘available’ now than silver for the first time in history. Curious….
I like the miners too since they obviously have a lot in their mines. Also that sector is so tiny that even a little of the money looking for a safe home will light a rocket under said shares.
couldnt quite manage the gapfill so far,it all looks like another leg up is on the way.
pretty standard 50%ish futures retrace and off to the races…stops below.I have STD as s1l s2h s3h for mon tue wed and that
does look the deal. So s4l today gives the bears
the nod if they can contain early spill up.Then friday & monday is an s1 & s4 bookends
to give one of the contestants a nice move.By next tuesday we should have got clarity by a
break from this current mini range.Never give up, never surrender.
I have STD as s1l s2h s3h for mon tue wed and that does look the deal. So s4l today gives the bears the nod if they can contain early spill up. Then friday & monday is an s1 & s4 bookends to give one of the contestants a nice move. By next tuesday we should have got clarity by a break from this current mini range.
Thanks Cim.
This is the jist of my thoughts currently. So my throwover ties in nicely with your lean for today.
Yesterday played out very well with the levels and we hit the target identified earlier at 1947.
This 1947 is the CIT for me. I can allow for a globex throw ever but it has to be an early high tomorrow and back down for it to remain bearish.
?????? remains on as its a 2 day SYSTEM, but I do not like it personally.
There is still a good chance of a low print on ?????? DAY2.
There is still a chance this has just knocked out bears by taking it up and now its hit my CIT it can fall again.
Problem is China market is closed tonight and we have NFP’s on Friday.
We need this below 1947 or else 1960/3 is next.
Plan your trade, trade your plan!
Thanks ‘K’
That does fit with my thoughts and I should have
said I too was talking sp500.
Ftse was shut monday and the EcB will talk today
so euroland seems not so clear cut but is likely
to blend in with the US by friday.Never give up, never surrender.
thanks for the current lean cim,closed out yesterdays long for 32pts.
still think we`re going higher in the next couple of days.structurally looks like a”c” of an abc up from last mondays lows.looking for a pullback to below yesterdays close/globex lows to re-enter long.see how rth opens.best of luck all.
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