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View Full Version : Thank god for Pullbacks



main1event
3rd December 2009, 08:32
I think Silver will go higher now :) With any luck we'll close near 20.00 today.

Mylläri
3rd December 2009, 09:16
I really REALLY hope so! I still haven't made my small personal sell-off yet, unless today's market gets above 19 (at the very least) I may take my chances on Friday.

main1event
3rd December 2009, 09:22
There was something troubling me this morning, the Dow has been unable to close above 10500. I've sold off my my AGQ for now, if the SLV gets above 18.78 again I'll get back in. Its just the actual stock market is acting kind of flaky and its making me a bit nervous.

MasterQ
3rd December 2009, 09:29
Wonder if this has something to do with it?

http://www.bloomberg.com/apps/news?pid=20601087&sid=a6kzj4CZ2.dw&pos=3

-Q

chroNick
3rd December 2009, 10:18
lol no way, theres nothing suggesting 20 bucks today

main1event
3rd December 2009, 10:29
Often breakouts happen after pullbacks. We'll see. It looks like Gold and Silver have made it back towards the highs of the session, which is bullish. I may get back in here shortly. So far my FAZ is working better.

This has to be one of the most difficult markets to trade in a long time.

of one mine
3rd December 2009, 10:41
What does this mean when they do that to repos?
Of one mine

MasterQ
3rd December 2009, 11:03
What does this mean when they do that to repos?
Of one mine

Anytime there is a hair of such news the market reacts accordingly.

I'm not saying it is but it could be.

Other than that it is just a test...the article refers to it not changing any policy right now.

We still have to afford 30,000 more troops and that doesn't sit well for the dollar at all.

-Q

ccjoe
3rd December 2009, 12:12
I think the markets emulated Ben himself getting hammered by getting hammered.

Mylläri
3rd December 2009, 12:30
With any luck we'll close near 20.00 today.

Its slowly but surely on its way back up it seems...

http://www.kitco.com/images/live/silver.gif

SilverLite
3rd December 2009, 15:11
lol. i have that as my desktop background.. :)