Silver Charting and Silver TA Chat

http://www.zerohedge.com/news/2012-11-30/its-sell-precious-metals-time-day
20121130_gold.png

ZH
 
I really did not expect this thread to last for so long but considering it has, I've gone and updated the Big Long-term Graph again. (From the OP)

You can really see that 10 month cup and handle formation taking shape.
It would be good to see it eventuate, as it looks like it has considerable upside!

Check out the link on page 1 or click here to go to the chart directly. (194kb)
( You will need to zoom in after it loads. :D)

Cheers,
Azure.
 
Min stops for CFD for silver and gold just went up from 10pips Ag to 20pips and from 2pips Au to 4pip and distance to market is up from 1 pip to 3. Usually happens after time of extreme volatility... not sure what this means but is a little ominous
 
thatguy said:
SS said:
thatguy said:
Silver is up 2% today... might be time to take a little profits
Click to expand...

I think i will wait till 35.20, if this level is breached, I will do "a wrcmad" and reenter at 35.80.
Click to expand...
Ouch I wish I'd heeded my own advice a little
Click to expand...

Hmm looks like we should have take the profit.

Its the time of the month again...ECB today and Non Farm payroll tomorrow. I find that the the stops are 20pip for AG in ING mainly during these special time.

Can we hit and close above the 50DMA again? if so and up we go then it is a 50% retracement for period 05/11/12 to 29/11/12.
 
Aah that's the way to go.

Nice to see a spike low, not a breakdown following NFP.

Still hoping for a close above 50MDA.
 
Fed statement and press conference coming Thursday morning. Operation twist is due to expire end of December, but the next meeting (after this Wednesdays) in at the end of January 2013.
Will we hear about Operation twist extension/QE4 in next couple of days? I'm hoping for another spike like the one we had when QE3 was announced... will be worth staying up to hear what that statement says
 
Most certainly worth staying up.
But does one here know the exact timing when the Fed Headlines will be release?
 
SS said:
Most certainly worth staying up.
But does one here know the exact timing when the Fed Headlines will be release?
Click to expand...
December 12 FOMC Press Conference
2:15 p.m. ET
Click to expand...
I'll be staying up :D and trading
On a side note DOW is above 13200 (13301) a play I am going for is short 13199 stop @ 13215. Not much riding on it so just a play ATM :)
1021_trend_channel3.png
 
thatguy said:
silver up 2% in a day take a little profits if ya got some... a little
Click to expand...

Yeah this time i will.

thanks lovingsilver for the forexfactory link...absolutely great. save me hours from searching.
 
SS said:
thatguy said:
silver up 2% in a day take a little profits if ya got some... a little
Click to expand...

Yeah this time i will.

thanks lovingsilver for the forexfactory link...absolutely great. save me hours from searching.
Click to expand...
Interesting to see how it reacts with 33.50 going down... support becomes resistance n all
 
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