I got this charts from a newsletter and it seemed very interesting. Thought i will post em and see what you think about it. 

u guys r doing such a great work. for the price we pay its A LOT of value that we get. also i learn a lot. still have to figure out how to best use BPT and will do that the comming week with a phone call. keep the good service :)

Matt can u comment or pm the silver spot. it was up 28.69 in the morning and in few minutes got strongly sold to 27.8!

i was long at 28.4 and didnt took my profits, now i see my loses. Do u think it will bounce again soon or is it ment to go even more down.

Silver i guess follows gold and the general market..

or is it from weakness of euro i.e. strenght of dollar.

appreciate ur thoughts and analysisnon this.

I think it calls for recovery. here is the chart from my broker.

Steve - Thank you, it really makes sense after reading Matt statistics. Ill stay away today..

This is my concern also gyzhao. Since I am mostly trading Gold spot, i wonder if GDX buy signal means buy signal for Gold Spot also?

I would assume that they correlate the same and it makes sense fro GDX to rise if gold rises. or am I missing smth here? 

As a beginner I am wondering if the long signal on GDX means long for gold spot to?!

 I trade Gold Spot through CFDs and will appriciate to see some Gold Spot charts. The market has been crazy today. in Europe time as well as US. whats ur view on Gold?

I am long at 1585.5 and wonder if should wait for the 1600 to be hit or take the profit and leave? Whats your opinion?

Whats the daily scenario? is it like to hit 1600 or should we short it?

Can you explain what you mean with the commerical net short? does that mean the short position commercial traders hold for gold? 

Does that mean the gold is ready to bounce higher?

Sorry for the question, i am new at trading and learn a lot from you guys. Great work and cant wait to become a full memeber! 

Silver is testing its 27.95 area? What move you prefer?

Is it going up or will the scenario to 26.75 will win, as shown on the chart...

I got also in one automatic trade at 28 and now i am watching my loses. What do you do to hedge against it? I am still thinking about a move or just wait?

my stop loss is at 25.5, hope it never reaches :) 

An alternative scenario will be breaking 26 base and go down to 23.5 even 19.75 as an extension. 

How many of you agree with this idea? Bounce of silver after testing 26...