Cobra's Market View

This could be brutal ???, or very sweet ????

Silver,chart is pretty much what other members posted. Short positions are declining, people waiting for QE3, hope never dies, bulls probably thinking of the moon,and story goes on. In previous attempts Silver touched upper line briefly , than sharp pull back, will it break this time???? $32 line wi...

Silver, this side ways business has to end one way or another.
Short positions are on the rise in both, SLV and GLD.

Silver?????

Silver seem to be cornered, sink or swim time?

OverUnder wrote:Gold death knell.

Bernanke is heading to the Capitol Hill this a.m., most likley will be the same story as before, just different version, no QE3 this time as well, tough times for PM ahead.

Mozart, seems we're on similar wavelength re: weekly silver. Here's my weekly and just maybe it looks like a rather a possibly favorable time to invest in paper miners. silver only. Gold, on the other hand, is not revealing her hand yet. Hmmm. According to Fri's Harvey Organ's weekly COT report on ...

Silver:

Silver at intersection, shall we go to the beach ?

Hi to all, posting Silver as usual, weekly chart- descending triangle formation, school example, if it proves to be that, than .... no further comment.
Have a great weekend guys!

Silver:

Cobra, just a quick question re:charts.
When charting SLV, wouldn't be better idea to look at underlying commodity ?
Thx!

Silver,in 1980 touched 3 times trend line from all time high, went from 37.50 to about 12.50 in short period of time .
On weekly chart Silver touched same line 3rd time @37.50, will history repeat itself ?
SP ,how far will go ?
Have a great weekend guys !!

Some people are saying that this smell like 2008.
They are talking even about it on BNN.
VIX is acting strange.
Greece is the old story, yet there might be more of the untold story there.
Wonder what kind of surprise is in the cards!

Silver:

Right now market still looks bullish, there is no point to fight trend. A lot's of people calling for top, ain't gonna happen yet, gonna happen when people least expect. Generally it's very hard to pick top or bottoms, one could get killed by doing so. Fear is in the air, that's just gonna drive mar...

Al_Dente, I did see that link the other day, thank you. It's just that I work most of the time M-F, so no time for posting except in the evening, but I do come to this forum on regular basis. Yes, the FED has so many tools at their disposal to control PM, we all know what happen to Silver when it re...

Silver, it's rather interesting, could be treated as double bottom, going through resistance channels. Or on weekly chart, will meet trend line around 37.50, and than, time will tell ? If second case, than there is another leg up, to trap more people in. What boggles my mind is why did US announce n...

It looks like that metals are running on steroids, together with market. Greece is back to the table,cornered again, very close to the making deal.
Everyone have a great weekend.
Metals:

Silver: