SLW and silver wont see anymore gains after monday morning !I have been a day trader for over 30 years and have my own charting system that took me over 20 years to perfect.I make about 300,000.00 per year off of 100,000.00 invested.
99.5% OF ALL MY TRADES ARE CORRECT !
SLW will not see 11.10 again and silver wont see 14.10 again.I have been a bull on this stock along with GG for quite sometime.MY CHARTS ARE SAYING SILVER HAS TOPPED OUT AND GOLG MAY RUN TO 740.00! Doesn't it seem strange that gold is moving up while silver has gone down since hitting 14.50 a month ago.
Gold AND GG will top out when gold hits about 720 to 740 and silver will either be lower than it is right now.
SLW may get a ten cent pop at the open monday but will be down at end of day if your lucky.My charts say SLW should be as low as 9.50 next week.Gold will max out this week along with GG.My charts don't lie!
I have posted here before when i was bullish on the metal but the long party is over !
Yes I have just shorted SLW and other silver stocks and even NEM ! Rember this post ! Remember my long term stock pick of the year CERP.I believe also common sence will tell you THE BUSH ADMINISTRATION will have oil down to 50 a barrel by the end of month.Elections are coming and they have milked americans to the max and now it's time to be thoughtful of the voters.Remember CERP that will double in 3 weeks.
Many of you will see how accurate I was in the next 2 weeks.I will then come back to this board and not brag but give you another pick of the month.
"It is well
known that the 'hidden physical long position'"
The size of the short position is well in excess of what it would take to hedge miners. so there must be something else going on. if your read Fekete's letter you will at least know his hypothesis on what the shorts represent.
jims you ask one good question here - is there enough physical to support the profs hypothesis. but other questions you have are answered in the hypothetical by the prof - did you read the letter carefully? You ask, "The question remains, who are the shorts? It isn't the commercial longs" according to Fekete, it is, one and the same.
"an intellectual exercise without an answer because there is insufficient data" - you and Fekete agree here.
I said it was down from last months high and as i said yesterday silver is going down 10 12.50 this week and slw yo 9.50 and cerp will break out again. Gold could go to 720 to 740 tops then a 50.00 correction.
everyone on the board thought i was crazy when i said this!
Brother, like you I ask, don't shoot the messenger...I didn't offer any comment on the report...Again I have no inside information about their (the Chinese) full hand, just passing on news the market "may likely" feed upon.