Key Levels for Silver
- Thread starter cdcaveman
- Start date
Since Dec 2014, have bought Silver five times, three partial profitable trades, unlike Gold where I remain short, took short more on Thursday on strong rally, 681 strong support for Gold, earliest I can start looking for longs is 903.9 but doubting this will hold and go lower towards 681. Silver has pretty good support at 11.827, I am often early in getting in commodities and sometimes have taken more than 20 attempts of finding the extreme(all time high in Crude Oil), but not all 22 trades were losses, some partial profits on half and unwinding hedges. Still short Copper, like watching a snail. I see many commodities bottoming out next year, but still believe Indexes will go higher. Though my forecasting skills are not as good as my methods, LOL My call on Wheat wasn't all that good but hedges helped with losses.
Wish I started with more option understanding long ago, wow, great market to trade.
Silver and gold are very interesting at these levels. There are huge short positions on both of these metals and they have profited nicely from a type of artificial event recently. When the Chinese stock market blew up, investors sold commodities to cover margin calls when they weren't allowed to sell stocks! When the shorts start to panic...
Partial-quote
Several good way to chart silver, long term[prefer paper charts myself];
find the Hunt Bros run UP + bear blowup--bust, real helpful......................................................
Disagree on your drivers comment, but good question-hope this helps.
It helps me.
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Several good way to chart silver, long term[prefer paper charts myself];
find the Hunt Bros run UP + bear blowup--bust, real helpful......................................................
Disagree on your drivers comment, but good question-hope this helps.
It helps me.
