Well we paused at the right point. Need silver to break $20.50 soon, maybe by tonight or we will be going down with a target of $18.70 ($1200Au) GLTA
Silver is looking good for a run... 50DMA and a few descending trend-line permitting I believe We could see $21 soon
Wow soon needs to be defined . On to resistance @ 21.54, gold is above 1321 which is bullish as well Nice way to start stooopid monday :lol:
Silver is looking good for a run... $1350AU and a descending trend-line permitting I believe We could see $22 soon
Resistance at 21.80Ag and 1340Au looks shakey.... we might be going to see the much fabled upwards waterfall if it keeps going like this. Shorts must be sweating
http://traderdannorcini.blogspot.com.au/2013/08/fomc-more-uncertainty.html Traderdan as usual is superb http://www.tradingeconomics.com/united-states/non-farm-payrolls
If silver reaches $24.50Ag and gold STILL has not busted out of $1400Au appreciably I will cash in all silver long positions Edit damn there is an echo in here
Don't worry, I'm actually subscribed to this thread. Really good insights! So is gold's resistance at 1400 or silver at 24.20 that's preventing either from busting upwards?
Seems to be so more gold IMHO silvers ready, seems Lara nailed it http://elliottwavestockmarket.com/2013/08/21/gold-elliott-wave-technical-analysis-21st-august-2013/
http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2013/08-2/20130826_gold.jpg tad to early to say 1400 has folded but this sideways action near res @ 24.50 is really bullish clearing this resistance is is open road to $26 and IMHO a fair good trade. I am sure if it gets that far that there should be a significant pull back @ $26... but as always the market know best GLTA
18-22 is very wrong support should be jumping in with both feet manipulated ta, prefer physical for the weight 23.17 now, next resistance is just below 26
[youtube]http://www.youtube.com/watch?v=F8vdX_j4F5A[/youtube] http://www.youtube.com/watch?v=F8vdX_j4F5A Thanks to thatguy for tuning me in to endlessmountain Gotta say I'd take the over on the Dallas vs NYG game though..we will see..
Sorry about the mess but takes time to clean up Buying here with stops under SUP and on a break of NL and RES