Lock Limit Down Posted April 30, 2004 Report Share Posted April 30, 2004 HB, I'm really not convinced the bottom is in for silver. Before this sell-off the shorts outnumbered the longs 9:1. That probably got more extreme as longs liquidated on the way down. I doubt that the shorts are fully out given the outlandish position. If they had all tried to cover during this brief sell-off we would have seen some pretty large spikes. We got near 5.5 but a mere .3 rise from there doesn't indicate the kind of massive covering needed. This is why I said yesterday that I think we would have some sideways chop for a while as 1 by 1 they sneak out the back door and I still think there's possibly a little more downside. Of course I could be wrong as this is primarily guesswork since you can't get any good view behind the curtain. March's retail spending was weaker than expected. Wait until you see April. Actually the spending will likely stay similar, but where it goes will be different. It would be interesting to see the numbers if you take out gasoline. Yobob If you think there are many shorts left to cover would that not be a good thing for the longs?? Shorts must BUY back their positions creating demand. If the shorts really did increase their positions on the way down present short holdings must be staggering. I still believe the fed was alarmed about the precious metals popularity and potentially, some derivative type crisus. To sacrifice the bond the way they did on the employment report says all. Link to comment Share on other sites More sharing options...
Ags Nightmare Posted April 30, 2004 Report Share Posted April 30, 2004 I turn on crapvision when I'm booting to see where the futures are and you know how every morning they have a viewer question that pretains to some worldly even that effects the stock market ? Well todays question was "what nickname do you think Joe Kernan should have...The Kahuna or Stockmarket J"... I couldn't resist so I emailed them and said how about "Mr. Jinx" or better yet "Jinxy" named after the cat that terrorized Greg Foker in Meet the Parents because every "hot stock he spams, and every time he taunts bears, joe six pack gets their head ripped off",,,,, Dude is one of the biggest sheetheads on tv,,,,The stay puff host looks humble compared to him... Ag Link to comment Share on other sites More sharing options...
brian4 Posted April 30, 2004 Report Share Posted April 30, 2004 stopped plus 120 points greatfully received! This story gets even worse Gen . Kimmit met with the Iraqui press to "tell them how they should report the story." the European and Asian Press are on fire about this. Link to comment Share on other sites More sharing options...
brian4 Posted April 30, 2004 Report Share Posted April 30, 2004 Bought 10 May 1120 puts stop 1123. Link to comment Share on other sites More sharing options...
Guest Posted April 30, 2004 Report Share Posted April 30, 2004 Disconnect from reality 9:40 [WIN] Winn Dixie shares rise 9.4% Link to comment Share on other sites More sharing options...
Guest Posted April 30, 2004 Report Share Posted April 30, 2004 9:31am 04/30/04 [FDRY] FOUNDRY NETWORKS UPPED TO 'BUY' BY MERRIMAN CURHAN FORD Link to comment Share on other sites More sharing options...
Lock Limit Down Posted April 30, 2004 Report Share Posted April 30, 2004 HGX big UTURN DOWN Link to comment Share on other sites More sharing options...
Lock Limit Down Posted April 30, 2004 Report Share Posted April 30, 2004 9:31am 04/30/04 [FDRY] FOUNDRY NETWORKS UPPED TO 'BUY' BY MERRIMAN CURHAN FORD Expecting MER to be following with an upgrade of IBM should it test 85 Just watch.... Link to comment Share on other sites More sharing options...
brian4 Posted April 30, 2004 Report Share Posted April 30, 2004 stop 1122-in the pre-open Crapvision had on Jack Perougian the Shill with the Uncle Harvey smile, dirty glasses and the small dog hanging on to his left leg. Jack said (in a rare moment of truth) lots of money was coming out of the market and going home to Europe. Add that to Japans non-intervention and you have real trouble and it all traces back to the collapsing house of cards in Iraq! Link to comment Share on other sites More sharing options...
Guest Posted April 30, 2004 Report Share Posted April 30, 2004 stopped plus 120 points greatfully received! This story gets even worse Gen . Kimmit met with the Iraqui press to "tell them how they should report the story." the European and Asian Press are on fire about this. not going over well here in the Kingdom. Being taken for exactly what it is.... a sign of weakness. Link to comment Share on other sites More sharing options...
brian4 Posted April 30, 2004 Report Share Posted April 30, 2004 the window will extend to at least 10 past the hour stay with it. Link to comment Share on other sites More sharing options...
soup Posted April 30, 2004 Report Share Posted April 30, 2004 When one has some time, well worth the read http://news.goldseek.com/CliveMaund/1083180545.php Link to comment Share on other sites More sharing options...
brian4 Posted April 30, 2004 Report Share Posted April 30, 2004 stop 1120 Link to comment Share on other sites More sharing options...
Dharmaeye Posted April 30, 2004 Report Share Posted April 30, 2004 Several Canadians on this board - I'm another one I'm in Ft. Lauderdale, FL now, but grew up and lived in Edmonton, Alberta until 4 years ago.? It's nice to hear some perspective from north of the border again.? Thanks guys. twig. Nice to have a fellow Edmontonian in the house Twig In exile in Toronto but always a westerner at heart Actually born in Edmonton! Link to comment Share on other sites More sharing options...
Guest Posted April 30, 2004 Report Share Posted April 30, 2004 10:00 April Chicago PMI 63.9% vs. 59.7% expected Link to comment Share on other sites More sharing options...
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