Silver Charting and Silver TA Chat

Just say'in ;) Weekly :P

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thatguy said:
Point of this post is where the cross hairs are... should be resistance and once broken should be some fun. Notice the blue wiggly line on the gold of the 50DMA
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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
 
thatguy said:
Silver is looking good for a run... 50DMA and a few descending trend-line permitting I believe We could see $21 soon
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Wow soon needs to be defined :D . On to resistance @ 21.54, gold is above 1321 which is bullish as well

Nice way to start stooopid monday :lol:
 
thatguy said:
thatguy said:
Silver is looking good for a run... 50DMA and a few descending trend-line permitting I believe We could see $21 soon
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Wow soon needs to be defined :D . On to resistance @ 21.54, gold is above 1321 which is bullish as well

Nice way to start stooopid monday :lol:
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Silver is looking good for a run... $1350AU and a descending trend-line permitting I believe We could see $22 soon :P
 
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

FOMC - More uncertainty
The way I am reading today's release of the FOMC statement is more of the same - some on the FOMC are ready for tapering; some are not. Translation - we are back to watching the economic data releases and attempting to ferret out what is in the mind of these monetary masters from which the markets are begging their crumbs.

I still think that when it comes down to brass tacks, the key data is going to be the payrolls numbers. As far as the Fed is concerned, inflation is non-existent and thus there is no need, as of now, for them to cut back on the bond buying. What will tip the FOMC in favor of tapering sooner rather than later is strength in the jobs market and there is not a lot of that which I can see.
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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 :(
 
thatguy said:
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 :(
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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?
 
Altima said:
thatguy said:
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 :(
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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?
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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/

// Aug 24, 2013 at 7:04 pm

Hi Lara, I can see gold has hit your target of 1399.71 and paused. Do you still expect a turning here or is 1535 a possibility for the end of the 4th wave?

Kind regards

Reply
Lara // Aug 25, 2013 at 3:16 am

The structure is now complete so I'd expect a turn. I would use the parallel channel about minor wave C as first confirmation; when the channel is breached minor wave C should be over. Also movement below 1,355.31 would provide price confirmation of a trend change.

I expect intermediate wave (5) should begin here or very soon.
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For prosperity. :P
And because I'm in a mood for stirring (C'mon all you nay-sayers). :lol:

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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
 
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Sorry about the mess but takes time to clean up

Buying here with stops under SUP and on a break of NL and RES
 
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