Do you ever or actively trade Gold or Silver Futures? The volatility is crazy, but you seem to have a knack for predicting the short-term direction which can be quite profitable. It's probably not your game, but I was curious about your take on Futures as a vehicle to increase capital.
Newbie question - I was listening to some pundit who thought that the Dollar-Yen was going to move toward 70, does that mean that the Yen will need move up from where it is today to approximately 1.40.
Not sure if it's a rumor or truth, but I heard last week The Royal Canadian Mint and the Perth Mint announced that they had no more inventory to sell. This week the US Mint made the same announcement.
My question is how can Silver/Gold Futures continue to trade when they don't seem to be backed by anything at all and one certainly can't take physical delivery?
Great comments - My novice question to the successful traders is when do you take profits if you believe that Silver continues higher, especially if you're trading futures? When do you add to winning position versus taking some off the table? TIA
The RSI 7 for $SILVER:$GOLD is now 19. After reading your last WIR, you said that one should be a buyer of precious metals when this indicator dips below 30. What exactly are we buying - gold bullion? Silver appears to be in a downslide and Gold appears to be overbought. Can you please explain what you meant in the WIR.
Can anyone explain why silver is down so much more than gold? I think I remember Bill saying that Silver leads Gold although I could be wrong or have that reversed. Just wondeing if this is any type of indicator to now short gold. Thanks in advance
I recently was laid off from my finance job and have decided to focus my extra time on taking my knowledge of the capital markets up a notch. I was wondering if anyone had any suggestions on "setting up my trading room". What equipment, software, books, etc would you suggest that I obtain to try to make this happen.
Does anyone here pay for monthly services that you feel are very beneficial to your trading and would recommend to others? I was looking at briefing.com which gives you real time alerts and other pay services like the Kirk Report to see if other people here feel that they provide real value which translates to real $ in your portfolio? Thanks
Nemo and any others - Can you look at the chart for RMBS please. I'm short this one with an avg cost of $19 - can't wait to cover. I'm a newbie at charts but wondering if the most recent 3 days signify an evening star? Max pain is $19 and wondering if I should cover by the close of tomorrow. Any help on this chart would be greatly appreciated. TIA GH
Thank you for the replies - Nemo when you say you would set your stop at the height of the candle are you referring to the height of the long green candle 3 days ago - approx $20.50? - are you saying that would be where you would look to cover the short? I feel like I need to cover at a loss since I agree that thee is no resistance till 26 - Thanks again
Looking for some help on short term RMBS - I shorted the stock outright around $19 and watched it break out to new highs on high volume over the past week. Just hoping someone who is better at technical analysis than me can help me decide whether to cover my short here or hold on till the general market rolls over?
Agreed that I've never had a problem with spam on this site, however I have had issues with a couple of individuals that I'm glad to have seen banned. A couple of bad apples should not ruin this great experience of reading Bill and other well written comments by the community. I'm fine putting people like Korvus in control and letting them in their subjective opinion warn and then ban people from the site. One warning or zero warnings and then you're gone.
Does anyone know of a blog or twitter account that brought attention to today's increase in 3com call option volume prior to the end of the trading day? TIA
Agreed which is why I'm not convinced the market is topping out. I so want this market to go down like Bill has forecasted, but it just doesn't seem to be happening. I agree that the fundamentals aren't there, but that isn't stopping this market run-up. Like many others I am in cash wanting to take advantage of a downswing which is why it might not happen. I've been 100% in cash for awhile now and this market isn't letting anyone in. A sign of a bull market. As Vad has said "trade what you see not what you think". I've been following another blog that focuses on contrarian trading and he has been and continues to be bullish calling for move to 1120 on the S&P very soon.
I found this website and 2007 and it was the impetus behind my current passion for the markets and taking control of my portfolio. I made every mistake imaginable during 2000 run-up and crash.
Why is Bill here - I think Bill is here to share his wealth of knowledge about the capital markets and his hope is that will make us think more and eventually become better traders/investors. As Bill writes and shares his knowledge he is actually learning himself.
Why am I here - To learn as much as I can from Bill and select posters such as Vad, SI02, 2nd Ave, Number2Son and ToddinFL. I also find Bill's track record of insights and predictions to be spot on much of the time.
2nd Ave - Say it isn't so - I sincerely hope that if you take a break from the market and this blog that it's only temporary. This blog and your posts helped me over time become a true student of the market. You along with Bill have a special gift in your ability to write on a level that many of us can relate to. I have seen your compassion in your writing as many of us were having a tough time over the past year. You are humble and always kept your cool. I wish you the best in wherever this journey takes you. GH
Hey Bill,
Do you ever or actively trade Gold or Silver Futures? The volatility is crazy, but you seem to have a knack for predicting the short-term direction which can be quite profitable. It's probably not your game, but I was curious about your take on Futures as a vehicle to increase capital.
Thanks,
GH
Newbie question - I was listening to some pundit who thought that the Dollar-Yen was going to move toward 70, does that mean that the Yen will need move up from where it is today to approximately 1.40.
Thanks in advance
Not sure if it's a rumor or truth, but I heard last week The Royal Canadian Mint and the Perth Mint announced that they had no more inventory to sell. This week the US Mint made the same announcement.
My question is how can Silver/Gold Futures continue to trade when they don't seem to be backed by anything at all and one certainly can't take physical delivery?
Great comments - My novice question to the successful traders is when do you take profits if you believe that Silver continues higher, especially if you're trading futures? When do you add to winning position versus taking some off the table? TIA
Bill,
The RSI 7 for $SILVER:$GOLD is now 19. After reading your last WIR, you said that one should be a buyer of precious metals when this indicator dips below 30. What exactly are we buying - gold bullion? Silver appears to be in a downslide and Gold appears to be overbought. Can you please explain what you meant in the WIR.
Thanks in advance
GH
Can anyone explain why silver is down so much more than gold? I think I remember Bill saying that Silver leads Gold although I could be wrong or have that reversed. Just wondeing if this is any type of indicator to now short gold. Thanks in advance
I recently was laid off from my finance job and have decided to focus my extra time on taking my knowledge of the capital markets up a notch. I was wondering if anyone had any suggestions on "setting up my trading room". What equipment, software, books, etc would you suggest that I obtain to try to make this happen.
TIA
GH
Thanks Kyle - No I hadn't seen that - you just saved me $50/month :)
Does anyone here pay for monthly services that you feel are very beneficial to your trading and would recommend to others? I was looking at briefing.com which gives you real time alerts and other pay services like the Kirk Report to see if other people here feel that they provide real value which translates to real $ in your portfolio? Thanks
Nemo and any others - Can you look at the chart for RMBS please. I'm short this one with an avg cost of $19 - can't wait to cover. I'm a newbie at charts but wondering if the most recent 3 days signify an evening star? Max pain is $19 and wondering if I should cover by the close of tomorrow. Any help on this chart would be greatly appreciated. TIA GH
Thank you for the replies - Nemo when you say you would set your stop at the height of the candle are you referring to the height of the long green candle 3 days ago - approx $20.50? - are you saying that would be where you would look to cover the short? I feel like I need to cover at a loss since I agree that thee is no resistance till 26 - Thanks again
Looking for some help on short term RMBS - I shorted the stock outright around $19 and watched it break out to new highs on high volume over the past week. Just hoping someone who is better at technical analysis than me can help me decide whether to cover my short here or hold on till the general market rolls over?
TIA GH
Agreed that I've never had a problem with spam on this site, however I have had issues with a couple of individuals that I'm glad to have seen banned. A couple of bad apples should not ruin this great experience of reading Bill and other well written comments by the community. I'm fine putting people like Korvus in control and letting them in their subjective opinion warn and then ban people from the site. One warning or zero warnings and then you're gone.
Does anyone know of a blog or twitter account that brought attention to today's increase in 3com call option volume prior to the end of the trading day? TIA
Agreed which is why I'm not convinced the market is topping out. I so want this market to go down like Bill has forecasted, but it just doesn't seem to be happening. I agree that the fundamentals aren't there, but that isn't stopping this market run-up. Like many others I am in cash wanting to take advantage of a downswing which is why it might not happen. I've been 100% in cash for awhile now and this market isn't letting anyone in. A sign of a bull market. As Vad has said "trade what you see not what you think". I've been following another blog that focuses on contrarian trading and he has been and continues to be bullish calling for move to 1120 on the S&P very soon.
I noticed that KGC has been falling or underperforming the other miners that I track. Does anyone have any insight on this? No position. TIA
I can only seem to view the first page of the report. Is the whole briefing available in a PDF format? TIA
I found this website and 2007 and it was the impetus behind my current passion for the markets and taking control of my portfolio. I made every mistake imaginable during 2000 run-up and crash.
Why is Bill here - I think Bill is here to share his wealth of knowledge about the capital markets and his hope is that will make us think more and eventually become better traders/investors. As Bill writes and shares his knowledge he is actually learning himself.
Why am I here - To learn as much as I can from Bill and select posters such as Vad, SI02, 2nd Ave, Number2Son and ToddinFL. I also find Bill's track record of insights and predictions to be spot on much of the time.
Thank you for providing this blog.
Found this on Jesse's Cafe' blog
http://www.youtube.com/watch?v=v-twLAaMD9w
2nd Ave - Say it isn't so - I sincerely hope that if you take a break from the market and this blog that it's only temporary. This blog and your posts helped me over time become a true student of the market. You along with Bill have a special gift in your ability to write on a level that many of us can relate to. I have seen your compassion in your writing as many of us were having a tough time over the past year. You are humble and always kept your cool. I wish you the best in wherever this journey takes you. GH