Hi sharpie. The 10 d hr chart has a Falling Channel between about 18.50 and 19.55. This is a bearish chart pattern, and these figures are your support and resistance for this pattern at this time. These numbers will change as the pattern develops. There is also a Death Cross setting up on the 3 mo d chart. The 50 DMA is very close to crossing below the 200 DMA. There is a 44 cent difference between the two. SLW still remains oversold.
well the job openings results are in and there are more jobs than ever opened since way back in 2001. Unfortunately very few are getting hired in the higher fire rate of 3.3 and 3.2 respectively shows little change. The corporations may be opening up their doors but they're not letting very many folks in.
Is this just for show? Maybe so but the market doesn't like it -'more jobs means a higher chance of people getting paid and that means we can't have that --the banksters would jump and increased interest rates starting with the Federal Reserve and Madam Yellin rate Papa the first is it a wonder the market is selling off?
Tried to warn all my POOR sweet amateur gold/silver SUCKERS and FOOLS, again:
The gold/silver CALL WRITERS in the sleazy wall street club always focus their BOGUS RAMP SCAMS in the SENIORS, such as the pathetic dying SLW, that trade the very heavy volumes of WORTHLESS CALL options...while they leave the gold/silver JUNIORS to sit in their own rotten filth--and every smarter pro knows it!!
Yo, sharpster, some of them started closer to the $40 level, at the teens it's an antsy proposition with inflation officially deflation--I use the can of Campbell's Chicken soup test--the price is the same but the can is 23 versus 26 ounces--that's a ten percent pop. When that filters over to Madam Yellen rate popper the first, she'll have to drag out the salary stat she just invented stating, joesixpac can't afford a rate increase--to keep interest rates near zero.
At the point where that bubble bursts, then you'll see the weirdest thing--silver will rise WITH interest rate pops, as a sign inflation must be here.
People likely sold the shorts on the way down, it was a long run down from 27.66 so profit taking in the short positions covered a lot of short positions. Very likely 19.16 was a short term low and a retrace is in progress, which will shake more shorts out of their positions.
If Job openings are up, but the market is down, and Yellen's new pay grade stat shows how workers are screwed, the market will continue to rollover. Low salaries means little inflationary pressure and commodities tank. Stay tuned, this continues to be not pretty.
The radical and obscene overvaluation of SLW by comparison to its DYING WORTHLESS sector is such that it MUST DIVE into the close of 2014....and the only variable to consider is whether most of the imminent CRASH will occur in a single day or spread out over several day
The gold/silver CALL WRITERS in the sleazy wall street club always focus their BOGUS RAMP SCAMS in the SENIORS, such as the pathetic dying SLW, that trade the very heavy volumes of WORTHLESS CALL options...while they leave the gold/silver JUNIORS to sit in their own rotten filth--and every smarter pro knows it!!!
So where ARE all these big-mouth shorties? They don't appear to be shorting SLW as the short interest is less than one percent at only 2.8M shrs. for the 9/15 settlement. That's a mere 148,592 shr. increase since the 8/29 settlement date. If there's a lot of shorting going then it must be driven by algorithmic bot-controlled high-freq. popcorn trading with quick covers. Doesn't appear a whole lot of traders willing to hold longer-term short positions.
SLW's short interest has been in a down-trend since it hit 5.5M shr. back on the 7/15 settlement date. Go to the NASDAQ website and see for yourself. Apple Computer is being shorted more than SLW, so are Southern Copper (SI = 7.2%), Intel (2.5%), Caterpillar (4.2%) and Ford (2%).
I may not be very smart but I do observe things.
And as per the gold/silver BEAR market norm, smarter pro traders continue to acquire IN THE MONEY PUTS against all things gold,silver and WORTHLESS!
GIrls, from Alexco (a key supplier of silver to SLW) to other equally rotten JUNIORS, once again, their rotten trading action PROVES WITHOUT DOUBT that this SLW green action is another pathetic DEADCAT BOUNCE, soon to be erased in a heartbeat!
The gold/silver CALL WRITERS in the sleazy wall street club always focus their BOGUS RAMP SCAMS in the SENIORS that trade heavy volumes of WORTHLESS CALL options--and every smarter pro knows it!!!
They stole it!!! Just like the fed stole 18 trillion from the nation. plus 3-4 trillon we owe china.... Don't worry though, when silver goes to $200 an ounce, everything will be ok..... If not don't worry it's only paper the'll print some more.... In the mean time buy Physical Silver.... buy some today !!! buy some tomorrow!!!! buy some next week... Keep buying !!!!! PHYSICAL... It's on sale... HOW SWEET IT IS!!!!!!!!!!!
All the smarter experienced pros using this less than pathetic DEADCAT BOUNCE to increase IN THE MONEY PUT positions for the final ride into SINGLE digits this year!!!
..and you hanging on every word. Thanks for your patronage, and please, post all your winners for us lowlifes.
smart #$%$ like you never make a dime in the market.
I've been out of SLW for some time now.
And you, sitting and writing nonsense.