I think silver looks weaker than gold, but I follow gold and I had a failed buy signal today for gold... it could try again on Monday, but generally a failed signal is not encouraging... I really appreciate your feedback. So... I also took profits. In addition, I sold my long-term DVY position to lock in profits. As "Gone with the Wind's" Scarlett might have said, if she had internet connections, "And I'll think of some way to get SLV back. After all... Monday is another trading day."
frankly, my model has been short gold since April 1st at 1601.90, so this new short position today is really just reinstating the original short position... Next week should be interesting. Say "Thank you" to your model, for me! :)
I find it amazing that one can make money by just sitting on one's rump and betting on 3-4 letter symbols that float across one's 'puter screen. One doesn't have to work all day as a plummer, an electrician, a programmer, an analyst, a doctor. All one has to do is sit on one rump and be more right than wrong about "Stock Market Hold'em". This entire world is being floated financially by CBs printing money and shoving it into their economies. It has nothing to do with "real" economic growth. It's just one huge Ponzi number's scheme.
I image that the market will continue higher, as long as the CBs, especially America's, are printing dollars, presumably giving investment and inflationary fuel to stock holdings; and as long as our economy limps along. Interesting, isn't it, if what is providing the backbone to the current rally is because our economy IS limping along! If we ever get real good economic news, (which won't happen under Obama's stupid, wasteful, naive, radical economic policies), the markets will all tank! :)
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