SLV
#1
Posted 18 January 2007 - 04:42 PM
A DOG ALWAYS OFFERS UNCONDITIONAL LOVE. CATS HAVE TO THINK ABOUT IT!!
#2
Posted 19 January 2007 - 06:55 AM
#3
Posted 19 January 2007 - 11:30 AM
http://www.traders-t...showtopic=65254
Be Sure to Perform Your Own Due Diligence
#4
Posted 20 January 2007 - 05:33 AM
#5
Posted 21 January 2007 - 10:53 AM
Hi Mike,
I'm long SLV, but not as long as I intend to be. Will I get a chance to add more closer to the trend line next week or not? That is the big question.
cheers,
john
John, I'll try to give you my best cycle dates I have at this time, but as you see from my link above I think silver is on the move. As a basis, I had three cycle low points come in [one each on the 18th, 19th and 20th] The last date for the long term one is tommorrow 1/22/07 [this is your first key date]. The most probable scenario is to be up until 2/6 with a interim top around 2/21 with the next significant low aroung 3/7. However, it will not be as low as the one just achieved -- so I expect SLV's 125.0 trend line to hold.
My caveat is that every EWT comment I've seen indicates that we will see a Wave 5 has yet to arrive [i.e. gold down to 550 area]. I questioned this scenario back in early January and couldn't get one response -- either positve or negative. Howecer, if the 5th wave does occur, it will have to happened by the 2/6, which presently, I think is improbable but possible.
In the meantime, I've put 60% of my portfolio into commodities; 50% into precious metals splt evenly between gold and silver. Mike
Be Sure to Perform Your Own Due Diligence
#6
Posted 22 January 2007 - 07:53 AM
#7
Posted 22 January 2007 - 10:30 AM
John, I'll try to give you my best cycle dates I have at this time, but as you see from my link above I think silver is on the move. As a basis, I had three cycle low points come in [one each on the 18th, 19th and 20th] The last date for the long term one is tommorrow 1/22/07 [this is your first key date]. The most probable scenario is to be up until 2/6 with a interim top around 2/21 with the next significant low aroung 3/7. However, it will not be as low as the one just achieved -- so I expect SLV's 125.0 trend line to hold.
I track a 78 - 80 trading cycle for Gold. I had it coming in right here on Monday. It looks like in the end it came in early many days ago. I added to SLV again this morning at the open here 128.51. Also added more GLD and CEF. Also doubled up on USO. I think the metals and oil are a better trade than the shares for this next rally IMO.
cheers,
john
Edited by SilentOne, 22 January 2007 - 10:31 AM.
#8
Posted 22 January 2007 - 11:45 PM
Be Sure to Perform Your Own Due Diligence
#9
Posted 23 January 2007 - 08:17 AM
A DOG ALWAYS OFFERS UNCONDITIONAL LOVE. CATS HAVE TO THINK ABOUT IT!!
#10
Posted 23 January 2007 - 10:45 AM
We need a close above the high to get this thing going.
SI.H07 Mar 2007 O-12.88, H-13.21, L-12.83, C-13.00 (+0.08)
Have a 50% position in SLV & 25% in a few stocks.
mss
SLV is at resistance at 13.20ish. I find myself suddenly skittish my SLV and GLD positions. I sold here this morning and will wait for a few days before deciding to do anymore in the sector. I will probably regret selling this morning, but I also think that PMs will be very difficult to trade this year.
cheers,
john