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Endeavour Silver Corp. Message Board

  • t_baroi t_baroi Aug 23, 2013 7:53 PM Flag

    Short are covering

    slowly and quietly after hours. price is up 5.41 monday looking at 5.75 shorts are scrambling to cover. I also bought some today.

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    • There a lot working for us right now and any FOMC pressure is short term limited. Not only are shorts covering metals, there is strong directional pull with FX currencies. The numbers on physical deliveries will break higher. I preached that currency pairing would be a reflection of real estate movement as in non movement which is stagnant money settlement pricing that is always reflected in gold. Dismal new homes sales with prices closing at near-term resistance. The daily RSI has now broken above the 60-threshold for the first time since August 2012 with price action surpassing the previous monthly high for the first time since October 2012 which is another constructive development for gold. I don't plan to sell even on any bad news or possible down days. The trend is up.

 
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