Silver, Gold - Multi Year TOP Formed

[Alex_in_Oz]

Gold has now broken two resistance levels $680 and $640. If you are long sell now before it gets ugly. I heard some dolt on CNBC saying gold will be worth $3850 by the end of this year! (sic)
I researched this idiot and found he is a spokesman for some gold council which he didn't disclose (of course)
The silly money has been made. Buy unloved industrials like I am.
It pains me to say this as I have a large position in a junior miner here in Oz.
Any body here can tell me whether there are any serviced apartments in Lexington Ave New York and how much I need to pay a month?

 

[contango]

Silver warehouse stocks have strangely dropped over the last few days --> http://www.kitco.com/IND/watson/may312006.html

Fundamentally this is extremely bullish news but then again, the famous silver shorts have their ways and means. I think silver and gold will have another run at the big time but I can't see gold going over $1,000 unless WW3 breaks out or the USD collapses.

 

[niceneasy]

eshama - you short gold or silver? do tell and what price and where is your stop?

my two cents

dollar index - sweet bear flag

http://futures.tradingcharts.com/chart.php?cbase=US&market=US&cterm=66

canadian dollar - nice bullish pattern
http://futures.tradingcharts.com/chart.php?cbase=CD&market=CD&cterm=66

euro - i like this one too
http://futures.tradingcharts.com/chart.php?cbase=EC&market=EC&cterm=66

yen - they are printing money as fast as possible to keep this down. BOJ dumped 2 trillion yen into the market last week - which they said they wouldnt do anymore. got to run out of ink sooner or later. despite that - still a sweet pattern.

http://futures.tradingcharts.com/chart.php?cbase=JY&market=JY&cterm=66

oil - closed at 72.75 friday...

http://futures.tradingcharts.com/chart.php?cbase=CO&market=CO&cterm=76

silver - comex stoccks go below 100 million ounces and could be some panic!!!!! i dont love this chart but i personally love silver at any price...

http://futures.tradingcharts.com/chart.php?cbase=SV&market=SV&cterm=76

gold - luscious like maria sharipovaesque pullback into support around 620.... maybe even see a little more downside juice. who knows who cares.... all aboard!!!!
http://futures.tradingcharts.com/chart.php?cbase=GD&market=GD&cterm=66

 

[ehsmama]

Quote from niceneasy:

eshama - you short gold or silver? do tell and what price and where is your stop?

my two cents

dollar index - sweet bear flag

http://futures.tradingcharts.com/chart.php?cbase=US&market=US&cterm=66

canadian dollar - nice bullish pattern
http://futures.tradingcharts.com/chart.php?cbase=CD&market=CD&cterm=66

euro - i like this one too
http://futures.tradingcharts.com/chart.php?cbase=EC&market=EC&cterm=66

yen - they are printing money as fast as possible to keep this down. BOJ dumped 2 trillion yen into the market last week - which they said they wouldnt do anymore. got to run out of ink sooner or later. despite that - still a sweet pattern.

http://futures.tradingcharts.com/chart.php?cbase=JY&market=JY&cterm=66

oil - closed at 72.75 friday...

http://futures.tradingcharts.com/chart.php?cbase=CO&market=CO&cterm=76

silver - comex stoccks go below 100 million ounces and could be some panic!!!!! i dont love this chart but i personally love silver at any price...

http://futures.tradingcharts.com/chart.php?cbase=SV&market=SV&cterm=76

gold - luscious like maria sharipovaesque pullback into support around 620.... maybe even see a little more downside juice. who knows who cares.... all aboard!!!!
http://futures.tradingcharts.com/chart.php?cbase=GD&market=GD&cterm=66

niceneasy,
I am short both Gold and silver.
1. Gold avg price would be around 700. ( I shorted it on the way up)
2. Silver around 13(Twice each time it pulled back above 13).

I don't use any particular stops.
I just have gut feel based stop as opposed to price based stop.