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clockwork71 replied Jul 29, 2012This is true.....but one thing has me a bit leery about silver in general: the industrial demand part of the equation. Silver is a very widely used industrial metal, and industry - therefore demand - is very quiet at the moment.
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- clockwork71 replied Jul 28, 2012
This trade actually has two possible entries: either the triangle break that you are talking about, or waiting until a break above the 1640 level as well. Either way, this market is a buy, and not a sell long run.
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- clockwork71 replied Jul 27, 2012
Wow, OLD SCHOOL hardcore.......they were really popular at Ohio State back in the 80s......
Silent Service Method
- clockwork71 replied Jul 27, 2012
They can diverge a bit at times......but they will inevitably return to their typical negative correlation in short order......
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- clockwork71 replied Jul 27, 2012
For me, silver is dead money in either direction.
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- clockwork71 replied Jul 27, 2012
And that is exactly where it turned back around........
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- clockwork71 replied Jul 27, 2012
3 white soldier is a very obscure formation from what I know. To be honest - I think there are other things to notice......like the simple fact that price is rising. I still think 1.25 get to be too resistive for the bulls though. Could be wrong ...
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- clockwork71 replied Jul 27, 2012
Could very well be. However, it is only going to take one errant comment to end it - so be careful. Have a good weekend, probably a good idea.
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- clockwork71 commented Jul 26, 2012
Can we just take a few minutes to talk about how stunned I am?
Greek budget talks stumble as EU urges Samaras to deliver
- clockwork71 commented Jul 26, 2012
That's because he knows that Angie wears the pants in that household.
Draghi's eurozone rescue gamble may not bluff the markets for long
- clockwork71 replied Jul 26, 2012
If 1.20 gives way - this could get ugly......
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- clockwork71 replied Jul 26, 2012
The question about the EUR/USD pair above only warrants one reaction: What a load of shit. How many times can a market be fooled by random and vague wording? Apparently quite a few. I will be fading this as soon as I see a chance.
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- clockwork71 commented Jul 26, 2012
Will gladly take the other side of that trade once the dust settles.
Draghi says ECB will do whatever needed to preserve the euro
- clockwork71 commented Jul 26, 2012
VERY well put. Good analogy.
Draghi says ECB will do whatever needed to preserve the euro
- clockwork71 commented Jul 26, 2012
You are making the mistake of thinking of Europe as one country. It isn't. Also, the European banks have much more leverage than the US ones.
Draghi says ECB will do whatever needed to preserve the euro
- clockwork71 commented Jul 26, 2012
Don't you find it sad that the traders are falling for this YET AGAIN? lol
Draghi sends strong signal that ECB will act
- clockwork71 replied Jul 25, 2012
Judging by the action today, it appears the whole European issue is solved. Thank God.
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