GREY:PTQMF - Post by User
Comment by
Libertygon Jun 08, 2011 8:18am
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Post# 18685442
RE: RE: Be aware
RE: RE: Be awareGold and silver down pre-market. Not a failure just yet, but watch gold at the 1520.00 and more importantly 1500.00 level if they were to be reached. Below 1500.00 would signal down in the short term. Silver watch the 36.00 level and then more importantly the 33.50/34.00 level next. US Market down and dollar appears to be attempting up. Interesting just after the Fed chief claims no inflation commodities drop. I did cover this morning one silver contract and remain short a second in case this goes as i feared.
Remember if this does happen and it's fast and harsh, it should be an opportunity for us, and "IF" PTQ were to get hit along with the junior sector, i would view that again as an opportunity to be embraced. I said "IF"
Gold and silver would have to recover and take out last levels to convince me this is just an overnight reaction.