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Monthly Digger - October 2010


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dharma

 

we are at odds again

I sold a quarter of my core of yamana today at the high of the day

I got 23% cash now and plan to hold out till mid november

if I can :rolleyes:

i am actually in your camp, i have turns in mid november. however, the possibility exists here and now. so, i went long, that is where my money is . my work shows turns november 8-9. we will see

dharma

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Jesse's.....TIC TOC

 

CFTC's Chilton raises alarm about silver market

WASHINGTON

Tue Oct 26, 2010 9:30am EDT

 

Oct 26 (Reuters) - There have been repeated attempts to influence prices in silver markets, Bart Chilton, a commissioner at the U.S. futures regulator, said on Tuesday.

 

"There have been fraudulent efforts to persuade and deviously control that price," Chilton said in prepared remarks before a Commodity Futures Trading Commission meeting.

 

Chilton said he could not pre-judge the outcome of the CFTC's ongoing investigation of the silver markets, but said public deserves some answers to their concerns.

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since the july lows the precious metals have been on a tear. prices has averaged a couple of hundred dollars higher than last quarter. i suspect that earnings for producers will reflect this in their earnings

dharma

i have bought these levels so i am waiting to see if 1315 holds, if not i am on the buy again

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Gone 10% to 8% cash only cause the portfolio keeps moving up all by itself. Spread out in HL NGD NG and bunch of others, just in case someone pulls a monkey wrench out of their hat and throw it into the gears, I might collect some more profits for cash short term.

 

Deje vu, as in the past some type of temporary fix is created to delay the inevitable. Dollar is a wild ride lately, gotta have traders on edge.

 

Silver and gold up above the short term down trend lines today. Feels more like a pull back and consolidation than a correction so far. Watching and waiting.

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Silver and gold up above the short term down trend lines today. Feels more like a pull back and consolidation than a correction so far. Watching and waiting.

 

In the past this is where I bought and I was wrong during 10 years

Now I sold some more yamana and am up to 25% cash

Plan to buy after another 8 trading days

Will be on high alert from 10 november on or whenever the slow stochs double dipped

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there are so many crosscurrents

7-8 week cycle low due now

market pressing , but going nowhere

1358a colose above that and the price breaks into the next price cycle. so far it has not been able to make progress in that price cycle

i am only looking @stuff here that gets taken behind the woodshed. jag and sgrcf otherwise i cant bring myself to buy

dharma

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all the corrections since the july lows have been short in duration. this move to 1325 although longer in duration was not that steep and although, longer, not that long . and today w/a close above 1358 the market has shown its intentions. i am 95% long and i will add the rest w/another close above 1358. i think that very very soon we see upside acceleration. the corrections of the past have been up to 55 days , the harmonic could remain the same length w/the corrections being shorter in duration. this week was the 7/8week cycle low. the pattern on the hui projects to 850 and i dont mind in the least being the only one bullish here in the short term.

dharma

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