Midnight to 6am - Overnight Spot Watchers Spot...

the range it's trading in is tightening up...
while slightly down it's not breaking back below US$40
Looks like it's getting ready for another run
May delivery coming up :-)
US$40.42
 
Skyblues said:
Erol do you mean you are making a 40.60 call, at what volume? It feels like a bust overnight...
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I'm kind of tending the same direction.

One word to describe spot watching: Eustress

"Stress that is healthy, or gives one a feeling of fulfillment or other positive feelings. Eustress is a process of exploring potential gains."

http://en.wikipedia.org/wiki/Eustress
 
Trichter said:
One word to describe spot watching: Eustress

"Stress that is healthy, or gives one a feeling of fulfillment or other positive feelings. Eustress is a process of exploring potential gains."

http://en.wikipedia.org/wiki/Eustress
Click to expand...

Very good point Trichter!

Your point reminds me of something silver analyst Ted Butler said a few days ago: "I may be a nervous long, but I'm sure glad I'm not a silver short!"
 
Turk said:
Trichter said:
One word to describe spot watching: Eustress

"Stress that is healthy, or gives one a feeling of fulfillment or other positive feelings. Eustress is a process of exploring potential gains."

http://en.wikipedia.org/wiki/Eustress
Click to expand...

Very good point Trichter!

Your point reminds me of something silver analyst Ted Butler said a few days ago: "I may be a nervous long, but I'm sure glad I'm not a silver short!"
Click to expand...


Trichter, Turk keep those quotes coming, I am gonna have a close of business orgasm...
 
Thu 10:35 pm AEST
SPOT $40.61 USD - about 8.5 hrs after the local peak of $41.38


So a correction ?! - you know you are right - silver is overbought and SPOT is far above the 200-day moving average line,
so 'technically' it is due for a correction, and not only is it due, but its long overdue !? and a few months late.

But its a bit different now - We know, they sold stuff that they dont possess and we
know that we can slowly squeeze them ( like they squeezed us for decades since the removal of the bimetallic currency ).

And we know, its running out
and that the world is destabilizing, and that Capital is jittery,
and we remember what happened in some other countries before ( Weimar, Yugoslavia, Zimbabwe, Argentina, and others ).

You wanna keep selling naked - be our guests.

The week will finish strongly. above $32

and lastly, check this specimen out

531_buffalo-bison_304.jpg
 
Ah! A few more silver tsunami watchers on duty tonight. They must anticipate a rising wave.

Regards Errol43
 
I'm off to bed. Good work lads see if you can break $42US by daylight.

This is the nightstacker signing off.

Regards Errol43
 
well, as long as US departments keep announcing s.h.i.t, resistance levels will keep becoming new support points...

this is what the recent spike might be related to:


http://news.yahoo.com/s/ap/20110414/ap_on_bi_ge/us_dollar

The dollar fell against most major currencies after a government report showed that unemployment benefits in the U.S. rose unexpectedly.

The Labor Department said Thursday that applications for unemployment benefits rose 27,000 to a seasonally adjusted 412,000 last week. Economists expected a drop in claims.
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SPOT USD $ 42.26 and falling.

Up and down, Up and down!!!!

Looking forward to seeing who wins THUCYDIDES79's competition tonight!

All S/S is abuzz!

(No - that's not a cue for honey jokes!)



edit: typo
 
Good evening Night Stackers. Good to see you all on site for the last roll of the dice for this week.

Anyone predicting $43US?

I'll go $42.50US

See you later in the night.

Regards Errol43
 
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