There's been a strong pull-back ... maybe to trendline support; but will bob & weave on the way down or up. Keeping a close lookout - quick trigger finger. Not looking for long-term - just intermediate, at best.
Silver tanked badly - now at cost; however, per a former miner, anytime they want to, they can flood the marrket.
Even Gold's momma don't like that black candle today - but that's what sneaky bottoms are often made of.
Sold shorts & am long. Possibly only pop-drop, but 2/3rds long for short term -- looking for test at 1280-85.
Could be significant bottom.
May be a short term pop-drop, but sold 2/3rds short yesterday, the rest today, and am 2/3rds long (via NUGT & JNUG). Bought some Primero warrants for longer term.
Awaiting Yellin morning speech, which may supercede whatever negative comments were made in the minutes released yesterday.
Short term buy -- today may be significant bottom.
Thanks, TH. My stuff says a bit above that, and a low before the minutes. But, as it's said: "It ain't gonna happen that way!" ... lol ....
The bottom may, or may not, be in.
The bottom area is where we are now.
I got lucky with the warrants and sold all yesterday. Their problem is their 5 September demise.
No matter! ... The bottom area is in (there may be another 'fright night' low).
Do well by yourselves your families, and your people.
Realistically, the smart (big time) shorts have probably covered.
Until today I gave this 'yogalad' character the benefit of the doubt; however, his postings in an obvious down market are ridiculous.
(Now at 14,000)