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Replies: 3,068 / Views: 102,367 |
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Pillar of the Community
United States
1226 Posts |
Aaaaannnddd I'm out...  I'm no longer short SLV..  I just closed my position for a smaller profit than I wanted, I made just under $1,000 on that one trade today, before lunchtime. Nothing to sneeze at.  A fast Nickel sometimes is better than a slow Dime, take the money and run, Deploy it on something else.  It's one thing to come on here and make predictions on where Silver is going, it's another thing to make predictions And also put a few thousand dollars on the line on being right. I'm still short GLD with a vertical Call credit spread, but that's just to collect premium though, and I'll close that for a small profit soon as well, once the volatility drops. 
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Moderator
 United States
193047 Posts |
Well done. 
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Pillar of the Community
United States
1226 Posts |
Quote:Well done.  Thanks Jbuck  I think, or thought, $62 to $60 would have been a good enough pull back before the bounce. But $63 could also be the bounce zone, so maybe I got lucky getting out there. Looks like it's back above $64 
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Pillar of the Community
United States
1226 Posts |
Uh oh it's getting pulled down again, but I think support is near.
Somewhere between here and $62
The 50 Day MA is currently sitting around $62 as well, so maybe it just wants to say hello.
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Moderator
 United States
193047 Posts |
Sideways, not falling. 
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Pillar of the Community
United States
1226 Posts |
Silver just made a New Low of day $63.42
Gold getting pulled down as well to a New Low of the day $4349.
You know what that means.
Selling probably continues into the evening.
Gap down tomorrow into $62 zone very likely.
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Moderator
 United States
193047 Posts |
Quote: You know what that means. Selling probably continues into the evening. Gap down tomorrow into $62 zone very likely. Buying opportunities tomorrow morning? 
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Pillar of the Community
United States
1226 Posts |
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Replies: 3,068 / Views: 102,367 |