$ Silver $

Quote from daddyeaux:

go to stockcharts.com

type in $silver and look on the right side and you will see break at $11 (now resistance) and a rebound to about 10.80 give or take....and a failure there (today)

apply the fibo pull up factors from $9.50 if you're a true believer..........

the action today was very discouraging for the bulls
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but IMO today's price action was based on a shorter time frame, daily is still OK for a long. I could be wrong of course.
 
yep, all short term but higher crude helped metals for only a short time and then down hard........

maybe we have to go back to $550/$9.50 one more time
 
Quote from Ivanovich:

Until it breaks the 10.80 range, I'm not bullish at all.
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Care to join the club now Ivanovich? What PTs and stops would you be using now? Just curious.
 
what a difference a printing press makes.......

Good ole BennyBurn is back on the reservation....churning out greenbacks in the name of truth, justice and the American way.....
 
It's clear the Fed wanted the market to rally. It's sad that politics has infiltrated every sphere of American life. Where's the independence. Who honestly believes that inflationary fears are "contained"??
 
crude oil and gasoline prices refuse to break lower....

we have to monetize it or you get a '73-'74 market.....so you exclude from the inflation numbers anything you need to monetize

basically, Ben has little choice IMO.... he can't bust housing and a dollar crash is the lesser of 3 evils...

who gets hosed? ...US workers and real wages..of course
 
Sep futures on comex and ecbot got above $11.00 again

but profittaking has so far kept them from staying up there


PS ... shortened holiday hours today and early next week for precious metals
 
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