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Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG -- Ignore unavailable to you. Want to Upgrade?

To: Wade who wrote (32915)	12/30/2011 3:47:49 AM
From: akgoldbug$20K	6 Recommendations Read Replies (1) \| Respond to of 48092

Hi Wade, There were several things setting up for a potential low in silver. First was the major downdraft for days and a needed relief pop. I had dumped my SLV GDXJ above and got out of AGQ in the 60s as the charts looked sick back then. I was also bearish and trading TZA as you know. Second was the Gold Silver Ratio had popped up and looked to break out which means bad bad for market and risk. However, the gold silver ratio was very extended, outside the bollnger band and with such a breakout the general markets should have been tanking. But they did not, so I registered a big divergence and clue that something was up. h ttp://stockcharts.com/h-sc/ui?s=GLD:SLV&p=D&b=3&g=0&id=p50951129778 I watch the GSR futures carefully monitoring the % changes throughout the day on the futures When silver started to outperform gold early in the morning that meant Risk On and the GSR came right back in. Third, we tagged 26.15 exactly on the look left low on silver. Silver Study screencast.com Fourth, MMA merriman was suggesting possible 4 and 8 year among other cycle lows, you can also follow the skype room to get a play by play... 5th Sentiment on PM's is scraping bottom per jack in the skype room. We all worked together in the room and on voice. I have been tired of treading water and keeping high cash so i go in for big positions with careful stops and good entries. Lastly, I was watching all the pundits on 321gold, etc calling Bottom and bottoms getting killed on the way down.. from experience the too early syndrome has gotten me many times so I waited. And, with tax selling season another case for over selling and panic exits that helped. If i had the guts I'd be loading up on the over sold Jrs like your picks. On the AGQ... How I manage the trade is the key now, my plan is to hold the core and look for peaks and sell calls into those peaks, like near term calls out of the money for 6 7 or $9 each with 2 weeks to expiration. I made quite a bit doing this when agq was up in the 60s and 70s. I may add and look for ABC up targets now. I hope to hold it a while and reap the gains I deserve. I will watch close and stop out at break even if necessary. Silver could go lower as could Gold and the rest of risk. Let's hope we are done going down in our PMs. We all deserve better