SI
Silver Ready For Bounce BackSilver on the daily time frame is now at the lower range and looks ready for a bounce back up.
As you can see the shape of the range is a bullish wedge. Meaning: a high chance to break to upper range and continue in an upwards trend.
How ever as you can see theres still a bit of space left. My prediction is that after going to the upper range, there will be 1 more wave down to the lower range before a bounce that will break the upper range and lead to a new trend up to 18.400.
Trading advice: Buy The Dips
SL: 15.200, take small buy positions and be ready/able to add more buys every 0.400 dip or 0.200 increase
TP: 17.800-18.400
Silver Futures Buy - Long Position - Long TermDollar looks very weak. We saw a typical sell off of metals going into FOMC and expect to resume our upward trend. Great long opportunity here.
SI1! - Silver Future (short CALL Option)
Commercials are going short on silver
volatility is low, so small trade sizes are adequate
Strike 20, duration 29.06.2017
XAUUSD: Quarterly 'Time at Mode' decline can failI'm bullish for the most part, but we have risk in this zone. If we do break higher on close, and stay there, we could see a massive short squeeze rally in gold and silver. In the case of gold here, the target would be 1714.28, initially, but could evolve into a resumption of the long term advance in gold, so, I'd reccomend simply owning some physical gold, on top of any investments in miners, or funds like CEF and the like. These could be a good addition to any portfolio under the right circumstances, and a daily timeframe entry setup.
We have to monitor the quarterly close here, which could give us further clues, about the direction of the trend. We could be seeing a reversal of the decline since the 2011 top, so, let's keep an eye on it and remain unbiased in our analysis, and acts.
Good luck,
Ivan Labrie.
PAAS: Go long on strengthWe have a nice chance to enter longs in $PAAS here, if we break above Friday's high, we'll have a chance to retest the resistance above, as the arrow indicates. Risk is a new low, so the stop is really tight.
$PAAS has some of the biggest mines, and low operating costs, although still not profitable, so, it's not suitable for longer term investment unless you size it below 5% of your account. Here, the tight stop is ideal for a swing trade, but not for long term trades, and since I think it's likely to have sideways price action in metals, for some time, this is the type of trade I'd like to take in the sector.
Good luck,
Ivan Labrie.
LONG Silver LONG!! bullish for at least next couple of daysAfter FED's Talk on Rate Monday Sept 12- 17:00 ..Traders are betting the Fed won't make a move on rates in September. Now, 85% of traders think the federal funds target rate will be 25 to 50 basis points as of September, which is where it is now. Only 15% of traders are expecting the fed funds rate to rise to between 50 and 75 basis points by September.
BULLISH FOR METALS.. At least until Fed's give more insights on Sept 21st Rate Decision.
Short OppI am long term long on gold and silver currently, however there is a short term short opp here in silver contract.
One could sell the futures contract or buy a put option to take advantage.
Futures trading involves serious financial risks and are not suitable for all investors.
SI Neutral AnalisysCOMEX:SI1!
The stochastic is showing a saturated silver market, but by observing the histogram can identify a slight drop in the MACD, however the case of a 4th wave in this trend we risk a bull market in the coming days, reaching higher values for the next week .
ConfirmationCOMEX:SI1! Be Aware! The next few weeks will be Bull and I'm optimistic about this, stochastic is growing, MACD lines crossing and the waves confirming that its time for long.
Gold and Silver: Long term decline 'Time at Mode' analysisIn this chart I describe the multiple time at mode signals and elements we can extract from price action in gold and silver, in monthly scale.
It's worth noting that there's a possibility of a long term decline reversal, specially evident in the case of gold, where the 17 bar downtrend on chart has failed. Trying to take long positions from lower timeframes will be a sound strategy going forward.
I'll update this chart once we can confirm that the downtrends have in fact reversed. For the time being, being cautious, one can profit from daily, 3-day and weekly swings without much problem. Excellent activity and results during this 2016 that just began.
Cheers,
Ivan Labrie
Time at Mode FX
silver longif the price go down to the level of 15.30 then I will look for an opportunity to go to Long
the expected stop-loss 15.17
if the market does not adapt to my imagination, then I will'll be watching the price further
SI leads Considering whats been happening in metal this week starting with the Monday massive dumping of gold futures, this duo is surprising resilient, especially silver. As mentioned before, COT shows aggressive GC net short by commercial suggesting this down move will come, no surprise there. Question, is what's the reason for the massive dumpings starting Monday? If it's a naked short, we should expect a V-shape short cover soon. At any rate, I won't go short on these two. In fact, waiting for what might unfold to be one of the greatest run in metal history.
