May 19, 2009 10:54 AM
Subject:
RE: 13.65 todays low
Body:
"but I smell a big fat bear trap in the making and today is the day it gets sprung"
Sometimes you have to follow your sniffer!
bubba on a scewer?
Bulls painting the tape after NY 1411 close, that's weird.
928 1424 65.1:1
30c more, breaching 1450ish, and a 15% jump to 16.75ish?
breach that, and 20$ is in the cards?
Sinclair is saying JUNE for the big move, during the summer of all things.
D
From: Rockin Rickie and the Rock It!
To: Derrick Michael Reid
Date: May 19, 2009 2:43 AM
Subject: RE: 13.65 todays low
Interesting action tonight. They sold the dollar down .60 and there were no silver buyers so the price stayed at 13.85 til now...when the dollar rallied 10 cents and silver sold off in an attempt to sang stops. Not working so far. This is one hell of an embedded stochastic war. I was starting to lean towards the shorts as no buyers came in to take silver above 14 when the dollar hit 82.14 but I think they are going to keep things steady at this level adn then give it their best shot in NY...
I want to get long but the risk is high at this point...tight stops get eaten...but I smell a big fat bear trap in the making and today is the day it gets sprung...I'll go long if we get down into the 13.70s in London...then put in a $1k stop and hang onto my balls when NY opens...
From: Derrick Michael Reid
To: Rockin Rickie and the Rock It!
Date: May 19, 2009 1:19 AM
Subject: 13.65 todays low
We close 13.80, below 14, but gold held 920, so should come back. Got to your 13.65 price. Gaining now in asia. How does it look?
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bull traps in bear markets,
going LONG on a rally on a peak, in bear market, trapped at the high price, cant get out without losing a leg.
bear traps in bull markets.
bear trap in bull market, SELLING SHORT ON THE DIP, and trap there, as the price goes higher in the bull market, escape LOSING A LEG.
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GOT EM!!!
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929 1427 65.1:1
===
actually, for 10 minutes after NY close, vol was still heavy, THAT WAS NO TAPE PAINTING BY THE BULLS, but a real tug-o-war for another 10 minutes after the close, ITS LEGIT!!!!
14.24!!! with the bear trap sprung.
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This message was edited by DerrickMReid on 5-19-09 @ 1:26 PM
http://www.youtube.com/watch?v=bFR6EO5-cjE
928 1428 65.0:1 ratio dropping.
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This message was edited by DerrickMReid on 5-19-09 @ 1:29 PM
JOE M.
hhmmm, 30c more, and baby, 20$ is in the cards!!
hhmmm, gold to grind higher, but silver to BUST A MOVE.
RichieDoc asks, wave 3 or 5, on this move?
From interim low of 8.60 as starting new wave 1, 1-2-3-4-5 waves, as usual, wave 2 was 14.61 high to 11.78, wave 3 11.78 low to 1675ish and maybe more. So, Wave 3 NOW to 20, wave 4 back down to 16, and then, the monster move, wave 5 to 30$ by end august.
Sound good?
ALL ABOARD!!!
This message was edited by DerrickMReid on 5-20-09 @ 6:33 AM
![](<a href="http://s124.photobucket.com/albums/p25/dickbar/?action=view¤t=silverresistance.gif" target="_blank"><img src="http://i124.photobucket.com/albums/p25/dickbar/silverresistance.gif" border="0" alt="Photobucket"></a>)
absolutely GREAT CHART!!!
stoks are going to embbed, and get locked up, so dont worry about any of that OVERBOUGHT stuff, because you bet, IT WILL BE OVERBOUGHT and embedded in that overbought state for MONTHS ON END, you watch.
3rd attempt at 14.32-932.
I hear USD knifing through 81.9 to the downside.
940 Gold, 14.84 silver TODAY?
Lets see, richiedoc made the call.
kiwi hon, what up, SILVER AND GOLD!
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And there they go ....
933 1432 right there.
imagine the possibilities,
cup/handle break out and down trend breakout, concurrently at 1440 silver.
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This message was edited by DerrickMReid on 5-20-09 @ 7:38 AM
This message was edited by goldkiwi on 5-20-09 @ 8:47 AM
POP, 841 GOLD REACHED TARGET,
now, silver to rock, +40c MORE, like, right now.
better than sex, eh kiwi?
This message was edited by DerrickMReid on 5-20-09 @ 9:06 AM
I'm going to start calling you General Duffer.
Gen Duffie gun just went off.
told you it better than ....
its all over folks.
Cartel I shot you down, bang bang I shot you down,
bang bang, you hit the ground.
"Wheee this investing stuff is fun"
951 1450
fall back trenches are good for setting up a defense,
but when the ROUTE IS ON, and defenders dont have time to man and secure the last ditch trench,
IT GETS OVER-RUN is a mass panic
sure, line of defense can form, that is why,
this very short time period, now to end/june to end/august, is so short of time, that a PANIC could come out of nowhere, and take out each trench in turn, and the BIG MO sets in.
When the ROUTE is on, panic sets in, the MO is on.
CHARGE BOYS!!!
This message was edited by DerrickMReid on 5-21-09 @ 1:11 PM
955 1454 in after market,
this is no painting the tape folks in after hours.
ITS THE REAL DEAL. (nice call hitchens)
dollar 80.5 wwwooooooo
vol respectable in after market.
trying to GET IN. I bet this is new money going in.
I suppose the next trench is 14.61, the continuous contract last top?
then a DOLLAR MOVE UP DAY, will come, lets see.
This message was edited by DerrickMReid on 5-21-09 @ 3:37 PM
More like battle of Titans or sex (BDSM!) of the Titans. The other side is still trying to dominate but our side refusing to submit.
I understand that the US has a long weekend coming up, so the cartel will no doubt be keen to take PMs down beforehand, which is their usual drill. However, based on the current market action, it looks like Asian buyers (China) may not allow this to happen this time around... "China to cartel, do you copy over?"
Next week's market action will be very interesting - the battle of the Titans (a defensive fighting withdrawl operation by cartel) continues. We must now defend the key 950/14.50 objective from counter attack during London hours. If we can, then the cartel's fighting withdrawl may quickly turn into a rout.
This message was edited by goldkiwi on 5-22-09 @ 1:41 AM