After buying dips since the April 2 sell off, some trading along the way...this past week sell off has provided some great buys in the pm stocks.
What a sell off this morning SLW and SVM down 8% at a point. Took some final positions in the stocks as I believe the pm stocks will finally come around and spike heading into September.
I would anticipate as example SVM to be over $12 in october and SLW over $40.
Same with gold stocks easilya a 15% increase from here on ABX and ELD. Same of the smaller players.
Check outGBG ICI RIC SGR and in silver GPR
Great lows were reached today I believe bottom has been set
Buying the bullion on retracements will prove smart here as well. Silver is now at 37.9 it was just at 42 two days ago. So buy HZU early next week on weakness and trade the range 38-42 for the next 3 weeks. Go long HZU and CEF.A for the fall months.
Silver parkin
Friday 5 August 2011
Monday 23 May 2011
Final week
Here it is, finally the last week of may...I hate to wish time away but this month has taken too long to be done with.
So this is it, I have made some small accumulations and some small selling to redirect funds. Tomorrow will be a buying day, I have high hopes that silver will come under pressure is it usually does at market open, this should be the final stop in the 34.5 range. Looks like the 33s are well behind us.
A purchase of HZU on weakness tomorrow and some of the miners, OK, SSO , SLW and SVM should yield nice returns by as early as Friday or latest next week.
Good luck to all, it's time to rise
Silver Parkin
So this is it, I have made some small accumulations and some small selling to redirect funds. Tomorrow will be a buying day, I have high hopes that silver will come under pressure is it usually does at market open, this should be the final stop in the 34.5 range. Looks like the 33s are well behind us.
A purchase of HZU on weakness tomorrow and some of the miners, OK, SSO , SLW and SVM should yield nice returns by as early as Friday or latest next week.
Good luck to all, it's time to rise
Silver Parkin
Tuesday 17 May 2011
Bottoms up?
Today felt suspiciously like a bottom, with gold under heavy suppression this morning the dumping of silver was quick and limited and silver and gold even staged a come back.
No reason to jump all in here but certainly could be a week to test the waters and get your toes wet. Some great miners have been slaughtered and do appear to be bottoming here.
I will accumulate a little of the following later this week if things stay stable to slightly positive.
1. Ok
2. SVM
3. SLW
4. ABX
5. NGD
There are more but that would be the top 5. 3 silver and two gold.
I am already heavily loaded in HZU and CEF.A, I will add more of both but only next week around may 29 to June 1st again to ensure these metals have officially bottomed.
Should this next round of buying fail as a good entry then the whole foot will enter the waters and increase the positions steadily through any further sustained weakness.
We can expect a QE3, debt ceiling raise etc...who knows what they will call it but more debt a cometh and we will be rewarded handsomely over the coming months
Stay the course
Silver parkin
No reason to jump all in here but certainly could be a week to test the waters and get your toes wet. Some great miners have been slaughtered and do appear to be bottoming here.
I will accumulate a little of the following later this week if things stay stable to slightly positive.
1. Ok
2. SVM
3. SLW
4. ABX
5. NGD
There are more but that would be the top 5. 3 silver and two gold.
I am already heavily loaded in HZU and CEF.A, I will add more of both but only next week around may 29 to June 1st again to ensure these metals have officially bottomed.
Should this next round of buying fail as a good entry then the whole foot will enter the waters and increase the positions steadily through any further sustained weakness.
We can expect a QE3, debt ceiling raise etc...who knows what they will call it but more debt a cometh and we will be rewarded handsomely over the coming months
Stay the course
Silver parkin
Monday 16 May 2011
So what?
So $34 did not hold, we could go one way or the other tomorrow...I'm 50/50 on the matter.
Maybe some relief tuesday followed by a down leg later in the week?
I am dead serious about the accumulation of silver and gold equities and now a picture has been painted that will quantify our gains over the coming months and years.
This market is highly manipulated and I plan to sink every dollar I make into these dips an will continue to do so until a bottom if set, we can expect more games and expect I do.
Will silver hit $20? Will gold hit $1235, I don't believe it, but if it does iwill not sell and will take positions now through august.
Qe3 will come they will delay it and scare as many out of the market as possible then come back to save the day.
We have conflicts upon us and may even trade up and down but very sideways for a few weeks. So we have fear of QE3 ending which may push things lower yet we have another July delivery month and this makes for a bullish June...as for may, look back on this as a buying opportunity, be sure to book some profits on the way up so you have some fiat to push back in when we get manipulated.
I wouldnt trade on margin here as you may get wiped out of your positions, I'm sure many have.
The us dollar will fall, debased on purpose to save the inevitable, hyper inflation is a coming, people are going to get wiped out. wish I had bought silver and gold 8 years ago, then i could fret less on these swings, don't be the one wishing you had thought for yourself and did what you have known and do know is right, facts will out way all opionions on the matter in the end. This has been a wilder past few months than I'm sure any of us could have dreamed about..stay the course
The silver lining for now is we have a great sale upon us, everybody likes a deal, go get yours...no one will scare me from mine
Gnight silver parkin
Maybe some relief tuesday followed by a down leg later in the week?
I am dead serious about the accumulation of silver and gold equities and now a picture has been painted that will quantify our gains over the coming months and years.
This market is highly manipulated and I plan to sink every dollar I make into these dips an will continue to do so until a bottom if set, we can expect more games and expect I do.
Will silver hit $20? Will gold hit $1235, I don't believe it, but if it does iwill not sell and will take positions now through august.
Qe3 will come they will delay it and scare as many out of the market as possible then come back to save the day.
We have conflicts upon us and may even trade up and down but very sideways for a few weeks. So we have fear of QE3 ending which may push things lower yet we have another July delivery month and this makes for a bullish June...as for may, look back on this as a buying opportunity, be sure to book some profits on the way up so you have some fiat to push back in when we get manipulated.
I wouldnt trade on margin here as you may get wiped out of your positions, I'm sure many have.
The us dollar will fall, debased on purpose to save the inevitable, hyper inflation is a coming, people are going to get wiped out. wish I had bought silver and gold 8 years ago, then i could fret less on these swings, don't be the one wishing you had thought for yourself and did what you have known and do know is right, facts will out way all opionions on the matter in the end. This has been a wilder past few months than I'm sure any of us could have dreamed about..stay the course
The silver lining for now is we have a great sale upon us, everybody likes a deal, go get yours...no one will scare me from mine
Gnight silver parkin
Buying
It feels like as good a day as any to make a move, took a major position in HZU at 9.3, this tracks silver at a 2-1 ratio, the patience over the last two weeks will hopefully pay off, when silver hits 34.25 HZU hits 9.3.
This should be a great entry point moving forward, I have set a stop/loss tracing silver down to 33.56 which would put HZU about 8.65... Thus would signal another down leg in silver probably to 31.5 or so.
Upside from 34 silver near term is 39. The stop will be triggered on downside of .75cents so I like the risk reward here.
In the event the stop is hit then the new capital will be somewhat protected to re-enter lower
Good luck to all let's get this ship turned around
Silver parkin
This should be a great entry point moving forward, I have set a stop/loss tracing silver down to 33.56 which would put HZU about 8.65... Thus would signal another down leg in silver probably to 31.5 or so.
Upside from 34 silver near term is 39. The stop will be triggered on downside of .75cents so I like the risk reward here.
In the event the stop is hit then the new capital will be somewhat protected to re-enter lower
Good luck to all let's get this ship turned around
Silver parkin
Wednesday 11 May 2011
Safety first
As predicted silver rallied to precisely $39 by Tuesday and fell of a cliff Wednesday, my advice for now if you did not buy HZD for the dip or sell off and HZU or pm stocks in advance of this is to simply do nothing, sit in your easy chair and rest.
Now is not the time to guess or add and get hurt in either direction, the next 10 trading sessions or so will be wild and volatile...we need to see if 33-34 holds for silver and gold above 1480. A break below this and we again must rest and watch for a new bottom to be established, hopefully no lower than $31.5 silver and $1444 gold.
The big key support will be $1444 for gold, I do not wish to see this breached. As it was former resistance 3 times from January through march. It would be a real shame to give up that level and would hurt silver in a big way.
Now big picture any way you shake it whatever happens over the next 10 trading sessions will give us a extremely good idea of the bottom (we may still hold the bottom from last week) and whatever that price is will be a huge buying opportunity to turn the ship around going into June, get your cash ready and check your fear at the door...bravery will be required.
Good night and get thinking about averaging down and or taking new positions very soon in our miners and ETF's. Brighter days are ahead
Silver parkin
Now is not the time to guess or add and get hurt in either direction, the next 10 trading sessions or so will be wild and volatile...we need to see if 33-34 holds for silver and gold above 1480. A break below this and we again must rest and watch for a new bottom to be established, hopefully no lower than $31.5 silver and $1444 gold.
The big key support will be $1444 for gold, I do not wish to see this breached. As it was former resistance 3 times from January through march. It would be a real shame to give up that level and would hurt silver in a big way.
Now big picture any way you shake it whatever happens over the next 10 trading sessions will give us a extremely good idea of the bottom (we may still hold the bottom from last week) and whatever that price is will be a huge buying opportunity to turn the ship around going into June, get your cash ready and check your fear at the door...bravery will be required.
Good night and get thinking about averaging down and or taking new positions very soon in our miners and ETF's. Brighter days are ahead
Silver parkin
Sunday 8 May 2011
The week ahead
How is everyones hangover? If you haven't had one yet you are stronger than me...yep lots of drinking helped me through this week.
Now that the most brutal week in a long time has finally ended and the fog lifts it's time to think bigger picture again...
I was away Saturday though wednesday and of course my sell targets of $52 were missed and certainly the Friday trading action the day before I left did signal that we were headed south, the crash being more brutal however than I could have dreamed up! It was so obvious looking back that fiday should have been a exit day, boy would I love to have that cash back now for this buying spree.
So what to do? Simple we will win, I took the opportunity to buy more CEF.A and HZU on friday morning, I believe that silver and gold will rally through Sunday night on the globex and through monday and into Tuesday am.
I would love to see silver at about 38.5 to $39 where I will book profits from this last buy and exit a small portion of my purchases made on the "dip" from $48 to $44 from before the crash.
Don't get me wrong I am very long silver and gold, but May will be rocky and into the end of the week we may fall back to test 34ish where I will re-enter again. I still have a sizable amount of HZU and CEF. A and the recipe soup miners that I will not part with in case of a parabolic move to the upside, I will only scale these Back when silver hits $60, more again at $80 and the rest will stay in the game for as long as the USofA remains absolutely untrustworthy, which may take us to infinity and beyond. Yes I watch to much Toy Story.
So if all goes well, we move north through Tuesday, a position is sold and we get a great reentry from Wednesday to Friday or even anytime next week, if the double bottom comes and holds start to add all your favorite miners here as I believe June should be very very strong for silver and gold, we may even go back through $50 silver, this sell off should prove nothing more than to increase our profits on the turnaround.
This sell off should also make us smarter and more watchful, the Powers that be appeared to be losing with attempt after attempt to supress silver, gold and oil with limited and increasing poor results, when in turn this shows they can still get it done in a big way...they just picked there spot perfectly.
So be ready and remember to book some profits on the way up and buy the dips
Sleep tight...we have a rocky week ahead
Silver parkin
Now that the most brutal week in a long time has finally ended and the fog lifts it's time to think bigger picture again...
I was away Saturday though wednesday and of course my sell targets of $52 were missed and certainly the Friday trading action the day before I left did signal that we were headed south, the crash being more brutal however than I could have dreamed up! It was so obvious looking back that fiday should have been a exit day, boy would I love to have that cash back now for this buying spree.
So what to do? Simple we will win, I took the opportunity to buy more CEF.A and HZU on friday morning, I believe that silver and gold will rally through Sunday night on the globex and through monday and into Tuesday am.
I would love to see silver at about 38.5 to $39 where I will book profits from this last buy and exit a small portion of my purchases made on the "dip" from $48 to $44 from before the crash.
Don't get me wrong I am very long silver and gold, but May will be rocky and into the end of the week we may fall back to test 34ish where I will re-enter again. I still have a sizable amount of HZU and CEF. A and the recipe soup miners that I will not part with in case of a parabolic move to the upside, I will only scale these Back when silver hits $60, more again at $80 and the rest will stay in the game for as long as the USofA remains absolutely untrustworthy, which may take us to infinity and beyond. Yes I watch to much Toy Story.
So if all goes well, we move north through Tuesday, a position is sold and we get a great reentry from Wednesday to Friday or even anytime next week, if the double bottom comes and holds start to add all your favorite miners here as I believe June should be very very strong for silver and gold, we may even go back through $50 silver, this sell off should prove nothing more than to increase our profits on the turnaround.
This sell off should also make us smarter and more watchful, the Powers that be appeared to be losing with attempt after attempt to supress silver, gold and oil with limited and increasing poor results, when in turn this shows they can still get it done in a big way...they just picked there spot perfectly.
So be ready and remember to book some profits on the way up and buy the dips
Sleep tight...we have a rocky week ahead
Silver parkin
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