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Excerpted from the November 7th edition of Notes From the Rabbit Hole: Precious Metals – Wild Man, Stodgy Old Man & 3 Snowmen Let’s begin with a weekly view of the wild man… silver. I am going to tweak the target to 31.50 from the previously noted 33. Before this target is reached, one can … Continue reading
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I bought in August due to a long, painful consolidation and some light funda research supplied by a friend. But then, I have patience. THM was then highlighted a month ago in an NFTRH email update as it approached what I felt was a low risk breakout situation; a move on the SMA 200 and … Continue reading
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I would love to see a full retrace down to the SMA 50……
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GLD fills one of the gaps we speculated upon yesterday…..
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I rarely use candles because I am not a day trader. I am much more interested in trends and support/resistance. But if silver proxy SLV closes the day in this state candle gazers might let out a collective rut roh… might they not? Source: http://biiwii.blogspot.com/2010/10/bearish-engulfing-candle-on-slv.html
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The dollar is quite over sold on a daily chart, while the weekly chart still has more bearish going on than bullish…..
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One of the rules I live by is to be wary of people with ideologies that are firmly set in stone. With regard to the financial markets, I am very wary of them. That is because successful navigation of the markets – while avoiding or mitigating periodic blow ups – depends on the ability to … Continue reading
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…at least relative to anything it has seen thus far in its short lifetime….
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Could be getting a bit bear flaggy… http://biiwii.blogspot.com
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Source: Biiwii.com Well folks, it looks like I know what a big part of NFTRH100’s theme is going to be. The GSR is not only breaking down on the daily, but now the weekly is showing damage. This must be reversed soon or the d Boys are going to get clobbered sooner than I expected. … Continue reading
