The raid started again over night as the Banksters piled on shorts but investors just bought up the lower prices and left the banksters frustrated.
On the outside it looks like a ho-hum day in the metals because the excitement happened while most of us on the east coast were asleep and when the US market opened investors just piled in and bought up the metals, OI in Gold decreased a bit however, but the OI in Silver actually increased 138,460 from 136,733.
Silver has shown major support at 36.5 and resistance and 38. Gold is just a mess right now. It cant get out of its own way. I think it maybe the metal that most central banks are try to keep suppressed. Just look at the charts Silver has been a superstar and Gold not shining as bright, Gold has been flat since last October, while silver is up 50%.
Anyone not long Silver yet, there is an opportunity coming as metals. They seem to sell off a day before the NFP report. I'll be taking some more AGQ off the table and renting some ZSL (double Silver short) for protection.
Anyone not long Silver yet, there is an opportunity coming as metals. They seem to sell off a day before the NFP report. I'll be taking some more AGQ off the table and renting some ZSL (double Silver short) for protection.
Long : AGQ and Physical
Other longs: XLE, DBA, POT, AGU, TTM, USO, XLB, TBT, URZ, TKRFF.
Closed RES with a 30% gain.
Other longs: XLE, DBA, POT, AGU, TTM, USO, XLB, TBT, URZ, TKRFF.
Closed RES with a 30% gain.
No comments:
Post a Comment