2. MACD greatly oversold even more than May low, cant find a lower print.
3. RSI reversal from oversold to positive prior to significant price change
4. Sentiment among specs and funds at extreme low as per COT report
5. Lowest reading of commercial shorts in ten years
6. Bullish reversal day for copper and oil as well as the HUI
7. This is still a secular bull market, the long term trend line has not been broken, that level is 24.
On a final note I strongly believe that fundamentals are what matter most in this game and ultimately if all you are doing is stacking metal you are happy these guys (The Morgue et al ) provide you with a discount by the usual trickery.
Where the whining starts is when you are buying paper like I am and then you cant stand these fucking people cause they rip your account apart. Well, when i decided to write again, I thought NO MORE complaining about the Cartels. They wanna play games why don't i just play along with them and stop fighting them, like they say dont fight the FED, well don't fight the Morgue (with paper that is) Keep buying metals on huge discount days and protect paper with puts and bear ETFs, that sounds wonderful doesn't it but what happens to you paper when they start shorting when Hong Kong opens and you are a sleep an now your calls are down 40% like what happened in may when silver went down 6 dollars in like an hour or when they raise margins at 8pm on a Friday, like that's fair? But we are playing on their home field and their rules (and their officials bought and paid for). Accept and move on!
The bullion banks are not charitable organizations they're job is to make money and they do it by taking yours. Don't give it to them. Buy physical and if you buy paper you are gambling. Play with what can afford to lose for the month, and if and when you have a profit don't be greedy, take some off and wait for the next raid.
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