Get ready for another market takedown

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Get ready for another market takedown

Postby beauanderos » Wed Jan 18, 2012 7:59 pm

Options expirations is Friday. It wouldn't surprise me at all to see them take down gold $80 and silver $2 :evil: I'm hoping they don't of course, but if we have a price spike on Thursday I may sell some positions in anticipation of a pullback, and then replace them after it occurs. Watch the share volume of DGLD (Velocity Shares Triple Inverse Gold) tomorrow and Friday the first half hour that markets are open and you'll get a tip-off as to whether a pulldown will be attempted.
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Re: Get ready for another market takedown

Postby mbailey1234 » Wed Jan 18, 2012 8:13 pm

I kind of hope they do knock it down. This would mean an even better deal on your next weekend sale! :mrgreen:

If you want to move some ahead of the crash, hows $28.00 sound?? ;)
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Re: Get ready for another market takedown

Postby Mossy » Sun Jan 22, 2012 8:58 pm

As of this posting, $32.060

Some "takedown".
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Re: Get ready for another market takedown

Postby Engineer » Sun Jan 22, 2012 9:01 pm

32.27 after a 30 cent dip at the open
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Re: Get ready for another market takedown

Postby Country » Sun Jan 22, 2012 9:44 pm

I like the strength SILVER has been showing this month. Most folks are looking for the big swoon down, but that may not occur as SILVER is now just as likely to break out to $35+. Late December was a good time to buy (I did :mrgreen:) , and now with most folks soooo hesitant, PMs might just surprise many by just going higher. Good fortune to all!!! :mrgreen:
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Re: Get ready for another market takedown

Postby beauanderos » Wed Jan 25, 2012 3:39 pm

Mossy wrote:As of this posting, $32.060

Some "takedown".

Hey, I'm not complaining :D
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