What Happens To Gold And Silver Next? Look Out Below?

Ha Ha, does that mean buy or sell? And what :)

Hey guys, just thought I'd chime in and announce another silver high! We just broke $20.00...

is there any stopping this amazing run?

Thanks for all your hard work, yup! Glad to see we're continuing this uptrend!

I'll share this article
http://marketslant.com/articles/sil...queeze-alert
Here's my issue...while the ins and outs of the exchanges is complex, bottom line for me after reading this article is I cannot grasp what the author is telling us..the vocabulary I just cannot understand.
Shorts, squeezes, margin calls, futures, backwardtation, deliveries..
Hopefully, someone can tell me in PLAIN ENGLISH what this guys theory is for UP...or DOWN Teusday.
Let's get real for a minute...everybody talks about it, some say they have proof, others say NO way, but, MANIPULATION of these markets does seem to lead to some violent swings in price. Do I believe gold and silver markets are rigged? Not sure, but, lean towards YES. After all the big fines given out this year, who can't think otherwise? Has it stopped? Maybe blatant misuse, but, subtle abuse surely must be happening, because NOTHING has changed in the big picture. Paper Contracts and Futures seem to be the hot spot.
"For the record it is far easier to manipulate Gold lower than it is to push it higher. The opposite is true for Silver. "
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Whatever...I guess I don't give a Rat's A.. about any of this, as long as price goes UP. Since I long ago made my buys, there is no need for adjustments or buys or sells.
OK..I'll stop thinking so much, and, sit back and just watch the action...up, down, sideways, whatever...all of us "stackers" have waited a long time for this new cycle trending up.
My goal is to transfer what I am learning here to another market sector that has been beaten down, and, like bullion, years of trending downwards, and, want to find some potential breakout pics that can be watched for a move IN..Livermore style...NO hurry..cash is key...waiting for new highs is key..homework is key....silence is key...enough said.

8:30 central time $20.48. Webekin

A few thoughts for the coming week-

1- Silver, gotta love trend following. We talked about when it started to break important ranges higher in the 16s, followed it up into the yearly highs were we said to buy it. Look at where we are at now, getting closer to $20s.

2- Gold and silver closed out their sessions at their highs. Will we see carry over into Tues, when our cash markets open? Usually when an asset closes out near the lows or highs, in this case the two metals closed near the highs, the asset follows through into that direction. Seeing we are closed with Monday, lets see what brings us on Tues when cash markets open and market participants are around.

3- We are indeed getting a stealth move in the metals at a time in the markets when most market participants are off. The market sometimes does this, moves when you least expect it. There have been many notable stealth moves in these lazy boring summer days, besides gold and silver, the market has been favoring putting money into various utilties which have been grinding straight up, then you have the gold and silver miners we have talked about since day one...


@MontanaCMR

The time frames are just that, time frames. Some traders only trade intra-day time frames, a few hours or just the day. Other traders are swing traders, they are trading a range up and down, down and up.

In this thread, we have looked at the short time frames into the longer time frames, such as range breaks and then yearly highs and lows. We have talked about higher highs and higher lows versus lower highs and lower lows. It can be confusing because you must, personally decide, what time frame you are interested or think you can extract money from.

I can tell you this, unless you are at a desk, watching tick by tick, a short term frame is not for you. what you need to remember, as has been described here, the short term moves in time all add up, they paint a picture, of whether an asset is going higher, lower or stuck in a range. We used this method as we plotted out how gold and silver were going higher.

At the end of the day, whether its weekly, monthly, daily, candle sticks, japanese candle sticks, fibs, etc.... ALL of these methods are based on price action and confirmation. .... and again remember, time frame is key when you look at context.

I can say from experience, you will extract the MOST profit out of the market by trend following AND limit your risk (losses).

Trading is SUPER HARD. Investing and achieving superior returns is a challenge. I can tell you I am WRONG more than right even trend following. Sometimes, such as these past few years, the market hasnt given much... and a lot of times a trend is there but I get stopped out. The stops add up. Nothing works, at all. Why? Because market conditions are not there. So does this mean then trend following is a waste?

No, because the beauty of trend following with stops is that eventually a trend WILL catch and establish itself and will more than MAKE UP FOR any losses incurred by stops or unforeseen events and then some. Furthermore, by following trends, a trader has it easier to follow the money, to set a stop, to limit his risk. You can still be wrong 60% of the time in the markets and STILL make a huge killing in markets by following trends.

Remember, the rule, going back over a 100 years is "we buy assets making yearly highs and sell assets making yearly lows". Very simple concept and I think because of this simplicity that fellow traders and the general public are always many steps behind the market and trip themselves up and perhaps even over think things in markets and make them more complex than they really are.


Finally, seeing the continued push higher in the summer months here by gold and silver, when most things dont do much, should be consider a positive, gives us further proof, as expressed by price action, of how strong the trend is, to even make yearly highs in one of the more boring times in the markets.

@Zach

I would suggest this. First, when you take a position, do everything manually, your stops, your trailing stops. Also, because of the volatility in PMs, commodities in general, a percentage stop would be better.

Secondly, if you, or anyone else has missed the move from February, just exercise patience and have the resolve to sit and wait for a better entry point. Part of the success in markets is to patiently wait for a proper entry.

Seeing that recently gold and silver have had nice runs in the past few weeks, it would not be wise to run out and grab silver, as an example, at the next 52 high week high. Now you might be saying "but you just said to buy the yearly highs!!". True, but remember we also want to be buying the yearly highs when they start, usually in the order of the 1st, 2nd or 3rd break out, not after multi-week runs.

So Zach, I say, resolve in your mind to be patient and wait. You could

1- allow for a nice pull back with some basing and wait until silver makes a fresh yearly high to buy it and apply the same concept to buying the miners

2- if you buy the pull back, make sure you understand your levels so that if the pull back gets deep, you dont fret when it runs lower on you.

Thank You, Great Britain!

Yup, why would you suggest the US trading markets are the only ones that matter? Lately, it seems the off times have provided some dramatic moves (e.g., Gold the night of the Brexit). In addition, silver has moved up considerably since last Friday's close.

You often use the word "clues" in your posts. Wouldn't these overnight markets provide "clues" on the world-wide pulse of the market?

I think that many of the people that trade in the futures markets are buying stuff they really don't need with money that really isn't theirs