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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: bart13 who wrote (78587)8/27/2011 3:37:33 PM
From: 2MAR$  Read Replies (1) | Respond to of 217749
 
Thanks , you should jump in here more often Bart.... am much more in tune with with trading the Silver / AGQ & own physical gold .

Twice now have caught the AGQ short this latest pop to $254 as Silver was stymied at $44 while Au popped over $1900 .... and before whent the USD popped & AGQ hit $238 which i'd been stalking , watching that level topping for two days of trading .
Message 27541094

Most amazing thing just a 1/2hr later , the AGQ/Silver trade absolutely cratered back down 40pts , have ridden this thing up & down at least a dozen times as they channeled down from the $50 parabolic/margins correction in May... to just the other day falling down from $44 .

USD/FXE did a reversal on friday pricing in another ECB rate hike this yr and a lull in the risk getting the Italy/Spain bond situation saved for the moment , while the USD traded down in anticipation of the Non Farm #'s coming this week which puts more pressure on the Fed to act ...with Ben passing the deck to Congress which was worth the pop in POG just in itself , lol.

Did trade the AGQ off $200 , there where were just too many other trades going off last week to focus on Gold too, so post more often Bart !

Silver

Trade on AGQ was just more clear, holding the $200 and the 50ma exactly for the bounce, now there's clear resistance here @ $224 /$41.72 and above at $230 / $42.29 ...they will be watching the FXE test this upper target in this summer range @ $1.45 to into next week.