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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?


To: GROUND ZERO™ who wrote (18464)5/5/2011 1:50:08 PM
From: sandeep1 Recommendation  Read Replies (1) | Respond to of 219475
 
I am slowly getting long. Very slowly. I think 27 is doable. Need to keep funds around. Would be ok with avg price of about 31.



To: GROUND ZERO™ who wrote (18464)5/5/2011 1:56:45 PM
From: cycleupcycledown  Read Replies (1) | Respond to of 219475
 
Astro guy called it ( from Merrimans free weekly preview)....April 25 2011.....Longer-Term Thoughts

“Even in the U.S., Americans are buying commodities (oil per barrel: $111) and gold ($1500 an ounce) as a dollar hedge, and the state of Utah recently took steps to make it easier for citizens to buy and sell gold as a de facto alternative currency. Whether or not these prove to be wise investments, they are certainly signals of mistrust in Washington’s economic stewardship.”
- Wall Street Journal editorial page, April 21, 2011.

The quote above says it all. Onward and upward over the proverbial “Wall of Worry” goes the “Asset Inflation Express” of Jupiter and Uranus in Aries through the next few weeks, along with three other planets. The rhetoric will likely be confrontational and hostile with Aries highlighted, but the financial markets will offer great profit opportunities and dangerous loss possibilities. It is not a time for the meek to inherit anything, let alone the Earth. The future is now for the bold and assertive. It will start to change as we progress through the month of May and into June. In the meantime, this has been an excellent period for our weekly and daily subscribers. Position traders have remained long the stock indices since last November when the DJIA dipped below 11,000, and long Gold for several weeks from 1260/ounce. Aggressive traders are also long Gold and Silver and Soybeans, as has been the case several times over the past several months (our reports give recommendations for both position and aggressive traders). But we will soon be exiting these long-term positions after all this time.



To: GROUND ZERO™ who wrote (18464)5/5/2011 2:05:21 PM
From: Sedohr Nod2 Recommendations  Read Replies (3) | Respond to of 219475
 
But, but, but silver has established a long term base at 36....it was around there for 12 minutes & 30 seconds....you guys are a hoot and a half...;>)



To: GROUND ZERO™ who wrote (18464)5/5/2011 2:12:33 PM
From: ayn rand  Read Replies (1) | Respond to of 219475
 
GZ,

going short silver here, might be considered by some as borderline suicidal. u could get better odds in vegas.

and then on the other hand, who knows? maybe u right and silver falls another $5. (the first $14 drop was the "easy money")

GZ, it'a really not safe.
u never know it could fall more, but this is really literally gambling.

i added this morning just a little and leaving plenty of powder. the PM traders are fully ready to jump all over silver as they expect silver to fall another $1-2 at least. but it might already be over.

we'll know better by next week. (in retrospect it will be crystal clear)



To: GROUND ZERO™ who wrote (18464)5/5/2011 3:25:57 PM
From: livelongandprosper  Read Replies (1) | Respond to of 219475
 
Hi GZ: can you provide us with a VP on the S&P? I wonder if you VP would jump tomorrow as you said the sell price on the S&P was going up big time on Friday. - Anyway, it got already triggered so I was just wondering about the VP.

The trend is clearly going down in everything but bonds and the US$ right now.



To: GROUND ZERO™ who wrote (18464)5/5/2011 3:45:10 PM
From: fred woodall  Read Replies (1) | Respond to of 219475
 
COmex July silver down 11.2% at $34.980. Ouch!!!