The Traders Network
Hello Michael. How's things out in Texas? Hope all is well.
I am still quite bullish silver. I think silver still has more room to run as does Gold and Copper too in my opinion. However, its interesting to note that Silver is the only metal where we have not seen extreme commercial hedging (like we have seen in gold, platinum, palladium and copper). Silver simply has been the most bullish configuration out of the metals, and look at it go! I think we will see sharply higher…
Added by Floyd Upperman on December 30, 2010 at 9:55pm — No Comments
I am short now, as the trade flow seems to be moving to the downside for the moment. If silver and gold continue a lower trend into next week then, my analysis shows possibility of a high volatility low on 1/7/11. There are still cycle dates on 12/14,12/18,12/21 and 1/4/11 to watch closely. It seems that the bond market is starting to indicate that the trend in interest rates has changed. I suspect it will continue into the…Continue
Added by Nick Santiago on December 8, 2010 at 12:30pm — No Comments
Next cycle date is 12/14/10. Near term price target is 1491.
I am relunctant to enter a long position at this point without a stronger correction than what has been seen in the last few months. The futures and FX markets are extremely thin and far more prone to sudden flash crash manipulation than ever before.
Gold, Silver and Crude Oil could prove the old adage..."Be…Continue
Added by Michael Yorba on December 7, 2010 at 4:58am — No Comments