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Starting Wednesday with Gary Savage

Big Al
August 13, 2014

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Discussion
5 Comments
    Aug 13, 2014 13:36 AM

    Hui gap and many other gaps need to be filled. When does it happen? Maybe labour day? someday. But filled it will be. The short ratio on many miners seems relatively high and have not be reduced. You guys no my stance, im hesitant to go in as you need to be very brave to trade this thing. Very unpredictable imo.

    Still volume is low and my indicators are starting to flash overbought conditions on a few miners. I don’t just don’t see the volume or news that will push this up as yet. Like i said im comfortable enough to say the gaps will be filled and that usually means gold back to 1277/1280 to fill those gaps. We shall see.

    Aug 13, 2014 13:38 AM

    Gary thanks for the commentary.. I gotta say this is a tricky call for gold as doc has mentioned as well.

    Aug 13, 2014 13:47 AM

    Silver is saying “What’s wrong with this picture?”. It has a major cycle low along with the two in gold around 8-31 so perhaps that’s where this is going.

      Aug 13, 2014 13:13 PM

      This is really frustrating. The price just come to a hair above my bid and reverses. This has been happening for a long time. The last time I was able to buy some gold and silver was early June. I cannot raise my bid to catch ask price since every time I do that the price dives and have no money to buy more. I don’t remember the last time when the price has been restricted to such as narrow range for so long.

    Aug 13, 2014 13:22 AM

    Gary first 10-15 mins of McAlvany weekly piece may be of interest….comparing investing to how you should equip yourself when climbing. Stuff you already know of course, but can be analogous to how many investors like ill-prepared climbers can be suicidally optimistic!

    http://mcalvanyweeklycommentary.com/