I’m seeing an increasing amount of exhaustion and frustration in the comment section. Which concerns me a little bit as the sole mission of this humble market megalomaniac has been to detach his intrepid stainless steel rats from any preconceived notions, opinions, habits, egos, and of course emotions. Trading is not about being right – it’s all about banking coin – period. Nothing else matters in my book and for every winner here today will be a loser on the other end of that trade – the market is a zero-sum game and nobody cares about being politically correct (except when it comes to buying the right politicians).

Look I don’t care if [...]

I think we all have been there – some setups tease us to no end like eighteen year old debutantes (remember cocoa?), and then there are those precious few that immediately proceed to target a day or two later. Of course we all prefer the latter kind and we got one of those today courtesy of silver:

If you blinked then you probably missed it – this move happened in one big swoop and if you are a short term trader then I suggest you take profits today. I posted this setup in the clear yesterday, so congrats to all the leeches who took this setup yesterday. Of course if you were a Gold sub yesterday then you saw the really interesting setup, which was [...]

We have a lot to charts to cover today, so let’s dive right in. Yesterday afternoon someone asked me about silver and I posted my short term perspective which indicated a possible long setup with limited upside potential:

As you can see that daily NLBL has been holding thus far and suggests we may push into 35 or 35.9. There may be a retest and as long as we hold 33.4 I would continue to hold this position. However human beings that we are we often do not see the forest before the trees. Once I dug a bit deeper I uncovered a much more interesting silver perspective on my long term chart. And that doesn’t just apply to silver – we seem to be sitting at [...]