PM Rally

[shinnosuke]

Massive big bold rally confirmed. Risk on long and strong!

JFF, thanks for continuing to provide guidance. I appreciate it (as does my wallet) most sincerely.

[fb101]

Massive big bold rally confirmed. Risk on long and strong!

JFF, thanks for continuing to provide guidance. I appreciate it (as does my wallet) most sincerely.

I second that

[Country]

I'm waiting for an upside confirmation of yesterday's move. So far, it's just a brief holiday rally.

[Jonflyfish]

Thank you guys for such kind remarks. I'm only able to be here for a flash every now and then but its great to see such strong community.
I'm confident that the current cyclical shift, while still emergent, will give many something to be thankful for.

Happy Thanksgiving!

[Jonflyfish]

Best of holiday wishes to all.
Cheers!

[rsk1963]

Best of holiday wishes to all.
Cheers!

+1 and to you also

[68Camaro]

The rally continues. Nice kick this morning, with gold >$1750 and silver > $34 again.

[Country]

I'm waiting for an upside confirmation of yesterday's move. So far, it's just a brief holiday rally.

Looking GOOD! True confirmation will be a break above $1800 for GOLD, and a significant rise above $35.50 for SILVER out of their trading ranges. NEXT WEEK???

I want PMs to move higher, and this has been a very long consolidation, but we're still in the festive low volume holiday week. If next week continues the momentum, then we've really got a ROARING LION OF A RALLEY...

[beauanderos]

Does this mean... we're in Lion, Country?

[agmoose]

Ooooh, silver lions. Now there is an animal the Canadians need to put on a coin.....

[Engineer]

Holy fatfinger, Batman!

silver.gif (14.59 KiB) Viewed 1523 times

[Country]

Now if only the fatfingers would go in the other direction... With some staying power!!

[68Camaro]

Oooops, I meant 34.18, not 31.8...

[shinnosuke]

Oooops, I meant 34.18, not 31.8...

I figured it was your fault, Mr. Hunt in disguise.

[Country]

I'm waiting for an upside confirmation of yesterday's move. So far, it's just a brief holiday rally.

Unfortunately, it's starting to look like a brief low volume holiday rally....

[fb101]

Got long gold options today.

from forex;

Gold
Prices appear to have carved out a bullish Inverse Head and Shoulders chart pattern confirmed with a close above neckline resistance at 1737.28, 23.6% Fibonacci retracement. The setup implies a measured upside target at 1802.06. The 1737.28 level has been recast as near-term support, with a break below that aiming for the 38.2% Fib at 1688.65.

Silver
Prices are testing resistance at 34.18, the 38.2% Fibonacci expansion. A break above that exposes the 50% level at 35.29. Near-term rising trend line support is at 33.12 and is reinforced by the 23.6% Fib at 32.84. A drop below the latter level aims for the November 5 low at 30.65.

Subscribe to this information on this page; link at bottom
http://www.dailyfx.com/print-article.ht ... kness.html

[shinnosuke]

PM un-rally.

[Engineer]

PM un-rally.

Options expiry = good buying opportunity

[fb101]

Ouch.

[shinnosuke]

PM re-rally.

[fb101]

UN-re-rally ::: Un-real-rally

[creshka46]

is it because it's the end of the months so everyone is profit taking?

[fb101]

is it because it's the end of the months so everyone is profit taking?

Who knows?
Here's one explanation.

---------------------
I am of the opinion that yesterday’s move is consistent with coordinated weakness and artificial selling pressure associated with some large investor(s) or trader(s) desire to move the market lower for what could be any number of reasons. We’ve seen this before and will likely see it again. But was this a clear example of market manipulation?

Whole story:
http://www.ino.com/blog/2012/11/gold-silver-speculator/

[NHsorter]

Buying opportunity this morning? Think I might jump in on some paper for another flip.

[Jonflyfish]

If I were a betting man, I'd be buying here on the dip of the cyclical shift.
Cheers!