Which way? Metals

Overnight said:
Don't worry mouse. The chinks are threatening to curb their rare-metal earth exports to the US now. They got us over a barrel also.

Oh well. So much for green energy!

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Overnight, did you literally say "chinks"? Come on man, you are better than that.... Nice link, however.
 
Gold is at a critical support spot. If it can’t hold 1680, I’ll forget about it for a long while.

Less than 26.5 for silver, and I can’t be long. If silver can make a play, there’s ample room up.

platinum is doing just fine.

This is the pivot for gold and silver. I’m probably a buyer if they wake up.
 
treeman said:
Gold is at a critical support spot. If it can’t hold 1680, I’ll forget about it for a long while.

Less than 26.5 for silver, and I can’t be long. If silver can make a play, there’s ample room up.

platinum is doing just fine.

This is the pivot for gold and silver. I’m probably a buyer if they wake up.
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Move to 1725 after threatening 1700 again seems bullish but I'm not sold on it yet. Sold one of my two new Gold miner positions; the other is a value play in theory. Copper and Silver miners seem better positioned to move up. We may get a break out in Copper prices again very soon.
 
Sure feels like Silver and Copper want to rally at this point. Gold miners not moving a ton but they can be day traded fairly easily in this modest rally in Gold prices.
 
themickey said:
Uranium and hydrogen projects are the rage atm. :)
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It is indeed, however not as strong as oil. All oil. The energy vertical is going non-linear. It's as if the world woke up and said - we need energy! It's actually bullish for the market. Very much so.

(y axis is momentum, x axis is performance vs the USD - The tail represents the last 5 weeks)

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TSX Gold miners getting gradual buying interest ( ELD, BTO, CXB, NGD ). Could be the turbulence in IT and Oil related areas is creating some new interest. Might be a good contrarian play into Monday. I'm mostly waiting out energy for now until there is a more clear short term range on Oil and the stocks themselves.
 
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themickey said:
Ya, I took another position on a silver stock (SVL.AX) on open this morning @ $0.24.
For some reasons over the past while I was not that impressed with this Co but recently I created (yet another) algo and in terms of precious metals stocks this one ranked reasonably high.
Kind of feels a little late but prolly in this instance more upside yet because I think silver has a big move coming.
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XME [S&P Metal + Mining etf ] is still uptrending well. I cut a loss on it, this week because while its a good uptrend , i have done better with + trade/invest tech ETFs for many years.
SLV[Silver Trust] has been in an uptrend since 2007 + 2008; never has even taken out the 2008 low. May hit $50 /not a prediction.
XME has 4-5 million average day volume,its going up again today
 
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