thinking same, sold long dated OTM covered calls on monday, just
in case. holding off on selling short puts on miners until the
'fun' is nearly over.
and i get the 'signal' from
BPT....
Miners could consolidate a couple of days more, but they are a
buy. I think there was a breakout and major change in direction in
gold, silver and miners.
Chart: silver 60 min
Silver is heading for 23$, and then 26$. I plan to
increase longs in miners in case silver sets a divergent low
at about 20.75$. Could take another couple of days but the
next big move will be up!
Miners and daily charts suggest MACD is potentially crossing to downside and then the fun begins for shorts .
Posted by rbreese on 27th of Feb 2014 at 01:27 pm
GG has crossed already.
GG longer term hold
Posted by hazbin1 on 27th of Feb 2014 at 02:38 pm
thinking same, sold long dated OTM covered calls on monday, just in case. holding off on selling short puts on miners until the 'fun' is nearly over.
and i get the 'signal' from
BPT....
Miners
Posted by zwyss on 27th of Feb 2014 at 03:01 pm
Miners could consolidate a couple of days more, but they are a buy. I think there was a breakout and major change in direction in gold, silver and miners.
Chart: silver 60 min
Silver is heading for 23$, and then 26$. I plan to increase longs in miners in case silver sets a divergent low at about 20.75$. Could take another couple of days but the next big move will be up!
I don't disagree with your
Posted by rbreese on 27th of Feb 2014 at 03:05 pm
I don't disagree with your outlook longer term but a 50 to 100 % return in a few days as miners need to rest and refuel.
Took 1/2 of my chips
Posted by rbreese on 27th of Feb 2014 at 02:13 pm
Took 1/2 of my chips off the table with 60 % gains today already.