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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives
SPY 694.04+0.7%Jan 9 4:00 PM EST

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To: Honey_Bee who wrote (14379)2/22/2011 1:12:21 PM
From: GROUND ZERO™  Read Replies (2) of 221575
 
Now, just sit with it for 18 to 24 months... we learn nothing from our successes, we learn only from our mistakes...

I'm holding mine, and just in case we get some selling tomorrow I plan to add again, I fully expect to see silver rally above the Hunt brothers 50... and if the economy takes another dive basis the stock market, then we'll have yet another round of QE, this should seal the fate of the dollar and rocket silver skyward...

More near term, and according to my gold model, the vertical price for the April gold futures contract is 1416.00, last night we reached 1411.50, that's only a few bucks from the VP... then, the market sold off from there, this is not bullish for the immediate near term... nonetheless, I plan to add to my silver tomorrow if we work lower, this anticipated weakness is only very near term, a couple of days at the most, perhaps... this is not to spook you, just to post on my thread that gold may have run its course for the moment...

GZ
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