Patience Stocky, Patience.  The 200 dma is catching up.

 

The 50 dma has finally started turning back down.  Today was a good test of 390.

It will be interesting to see what happens in the morning, because it did not hold the lows very long.

We needed to come back below 400 again, and it is good we went this low.

I think the buyers will start coming back out - I know the prices are getting where I want them and I have been slowly drifting back into my mutuals again.

I can still wait for the gold, and the palladium is about where I want it.  I am afraid I may have to chase the silver if I want to get any back. 

I was busy today and could not watch, and nothing dropped far enough for me to catch. 

Tomorrow, I may become a buyer if we can get an early pullback.

 

All our snow has melted - about time you changed the oil in the truck and started thinking about getting back to work, eh??   Wouldn't you know that would be just the time it starts getting interesting again.?? 

shit ... i was thinking of adding silver shares tommorrow

Stocky,

Thanks for the heads up on silver.  Agree that Caution is warranted.

Kind of goes counter to the info on Fed Watch (silver shorts), but in looking at the charts,

I would have to agree the risk vs gain ratio at this point is not the most favorable.

The cde chart in particular shows the separation that has occured in the stock price.

 

I just missed on SWC this morning.  Perhaps I will get another chance tomorrow.

I did let some gss go, and will look for another chance to reload.  I do think we are getting close

with the gold shares and am looking for a sharp move soon - either direction, perhaps both.

I am setting a lot of limit orders down about 10% from last nights close and we will see what happens.

 

Dammit,  this will teach me not to think too much. 

 

I have always said, it doesn't pay to try to be too smart.

Should have gone ahead and bot the silver - and it wouldn't have hurt to hold on to the GSS either.  But not going to chase either at this point. 

 

Silver will come back.  But there were some intersting posts on Fed Watch about the short situation and the flipped April and May futures. ???

Gold may be off to the races - we will just need to see if it closes back above 400.

 

Too late to do anything now - we will just watch and wait for a while. 

 

 

 

sapper,

 

i placed orders before 9:30 and did ok on todays buys ... couldda done better but i wanted to get IN ...

 

still have lots of powder available but am rebuilding slowly

 

i think the correction is over ... then again i always think that 

Good move Sleater, but watch the open carefully on Monday. 

After the strong open Friday, shares never really moved all that much.

Something is up and I feel it could break either way.

 

I really do not like the last couple of metals links stocky has posted.

I will not feel bad about taking small profits on short trades - my targets have dropped below 10% and this makes the risk too great. 

Haven't yet decided what I will do here.

those posts bother me as well

 

i'm sitting tight for a while

Got some trawling lines out and snagged one today.  Wouldn't you know the only nibble on Sammex all day - but only filled half of it.  Need to decide whether to rebait and throw it deeper or to pull it out for now.   Still have my other lines out, quite a bit deeper, but it is getting closer.  Need to revisit the top metals list and decide which ones I really want.

 

I like the pull back on Silver and would like to see a little more on the Gold.  My palladium just flat ran away from me and I don't want to chase PAL or SWC right now.  Bluesky does have me thinking Silver may have gotten a bit ahead of itself.

sapper, we are in la-la-land

 

it's going to be interesting to see how this thing resolves itself

if the HUI doesn't start acting like i want it to i think i will bail until i get a clear sign