GREY:VITFF - Post by User
Post by
Sinbobon Dec 08, 2011 6:38pm
438 Views
Post# 19305504
The next two weeks should be ....
The next two weeks should be ....very interesting and perhaps confusing. With the monthly options expiry coming and all the Euro games....whew!
JPMorgan has shorted the silver/gold futures big time again for the COMEX...and SLV has increased, illegal shorts as there is no silver to back them. The MF Global fiasco has impacted much to complicate things even more.
Something has to give. The gold pennant chart looks tantalizing...and it is said the HUI has to get over 600 to start the next run in the gold/silver stocks....with gold breaking convincingly above 1800 proving the bottom is in. Downside for gold is between 1650 and 1700 depending on who you follow....if it breaks above the pennant formation, about $1750, all will look good. Things cold happen fast when they break.
Those lucky few with spare cash will get bargains on this and many other JPM stocks like they never had before.
Good luck all! This one looks like a real winner!