Folks I warned that metals were going to get more volatile as this bull continues. Just because we have a spat of volatility doesn’t mean our strategy changes.
We are still holding a half position with the intention of adding that back whenever we get something we can identify as a DCL.
The dollar still has to give us an ICL decline, and until it does I don’t anticipate a larger degree ICL, only a minor 5-10 day DCL.
Comments (60)
💥
Thank you!
👀3
FWIW I took a nice profit on the second half of my original SLV calls today and then used the money to buy deeper in the money calls not expiring until June next year. With the amount I have invested I’m perfectly comfortable riding that half position’s worth into a DCL or ICL, I just didn’t want to watch my nice profit evaporate first on the way into an extended decline.
Thanks Gary
Ty, G
How are you all that fast at commenting!
I thought for sure I’d be first haha
Its crazy that another day like today will drop silver below the 10DMA. What a ride. I was on X this morning reading about silver exuberance. Will be interesting to see how far of a pullback we get.
Please give us a DCL 🙏. And please don’t let this bull market ever end!
I have a feeling there will be a big Friday attack. Lets see if the bulls step in here.
I would prefer lower so we can all double down.
Gary all the dips were bought today. Can you pls do a video to explain whats going on. Thanks
He has already implied that a video isn’t needed because everything he stated the past few days still stands. Why are you desperate for a major in-depth update when SLV dropped less than 1% today? The game plan has not changed.
We almost all want to have reliable indestructible crystal balls.
BAIRES, Are they available on Amazon? 😀
Feldman No,but they sell special detergent to help keep your balls clean!
Geez! 😂
😂
https://a.co/d/cALRLcm
LOL!!!
Maybe there is a new, unnamed pattern here in Oz: Breakouts~Shakeouts
Are there any Silver Mines in Oz?🤔
No worries! Love riding the bull! YeeeeHaaaaw!
Gary,
If a minor 5plus day DCL materializes, would that then be enough to recommend full leverage in our PM trading account?
Isn’t that precisely what the game plan is?
Y’all are hard on the old gentleman… chill
Yes! And aging ever rapidly 😟.
I’m not sure since I don’t recall Gary having alerted us to the possibility of minor 5-10 day DCLs.
Where have you been?
I like to see a dcl turn into a real ICl now and then we shake out all weak players and we can back up the truck on new metal leaps.
It’s too dangerous right now to try and hold even half position, I personally went down to 5 percent position and if we get a move to 4k plus in gold or 50 plus in silver I happy, but protecting my bulk of gains this year and don’t mind waiting for a much clearer set up.
Control greed. Let physical catch this move that is volital.
Why do you say it’s to dangerous, what’s your basis?
Appears to me you’re trying to avoid a drawdown. That strategy is risky too and has been detailed as to why many times here.
When Gary makes a claim he backs it up with evidence, what’s your evidence?
My evidence is Gary has also said take down 50 percent because he doesn’t want to risk bi draw down and give back big gains in case this turns into an ICL and we get caught, aren’t to listening to his comments, he also has said gold and silver could break through but could also maybe just get shy of 4k gold and 50 silver, sounds like not sure and we could see dcl or ICL. Control greed BK 817
Fair enough.
You are intelligent Paul.
suggestion : keep your earned cash seperated from your trading account.
d.
Where do you have the daily cycle count at right now Gary?
Hi gary, i know you dont track the daily cycles of silver, but i wanted going back through the last 3 ICs looks useful enough to track for me.
By my count we are on DC2 of this IC in silver, and we’re on day 15. Expecting DCL around 17 October, with one more daily cycle in this IC, with ICL between 17 Nov – 24 Nov. The last two ICs had their high around 6-7 days prior to the ICL, so high for this IC around 10-17 Nov.
What are your thoughts?
Also, is it ever possible to have 4 daily cycles in an IC, if they are shorter? End of last year (Aug – Dec) my primary draw for silver says we had 4 shorter DCs, based on price action, and RSI. there is a second draw on the chart showing 3 DCs but i dont think these look as good. Thoughts?
I know the theory that there should be two ICs per year, and two or three DCs in an IC, and a DC should be 30-45 days each.
From a tradeability perspective, the last big IC in silver was April 4 (lowest close) or April 7 (lowest low) – which is the correct date by the way? Lowest low or lowest close to determine the count?
And we then had 3 daily cycles measuring 38 days, 39 days and 36 days. Into what i am determining (im still learning) an ICL on 1st august because we also broke the IC support trendline in that low and RSI oversold, which should meet the parameters for an ICL. We had HCLs around day 24 on the first DC and day 20 on the 3rd DC, nothing discernible in DC2 as a HCL (based on RSI sentiment).
I’m trying to apply the principles into a useable trading strategy, to understand what we’re doing with cycles.
I’ve been trading for over 20 years and been an SMT subscriber since Jan and have done very well trading options and spreadbetting / spot ETFs (24hr trading) using your cycles as confidence on when to get in heavier and when to lighten up.
It’s an invaluable tool, as timing and cycles have added so much to my trading. Thank you.
So moving forward, if an ICL should break the IC trendline, whether that’s the one since August or the one going back to April, that would mean a pullback in silver to at least $41 if it’s in October, or $42.50 ish if we get the ICL in mid November.
Does an ICL ‘always’ have to break the up trendline of the IC?
A lot of things aren’t meeting the normal parameters recently, but typically price does need to break the trend line, turn the appropriate moving average back down & push RSI to oversold. Usually the lower Bollinger band gets penetrated as well.
I took the profits on 1/2 SLV calls and bought MSTR calls.
Bitcoin
didn’t bitcoin close above the box today?
I moved to cash Monday morning after watching Gary’s control greed video and discovering the Chinese market is closed until the 9th Oct. Happy to wait for a DCL. Great work Gary
I-I-I-I-I…
😂
“I” almost miss Robert’s posts now with all the dick swinging posts going on in here
Where the hell did he go
Almost is the key word, BTM….😂
😂
I’m still rocken it…. a little busy rn, counting all my money atm
_robert
SWINGING DICK SIGHTING
😂
Fuck yeah king 👑
USD/CAD tagged the 200 SMA today, but it looks like it could continue up to the next major resistance line:
The USD index looks like it will head up at least towards the next minor resistance line.
Silver Daily Chart.
Light green arrows = major breakout buys
Dark green arrow = swing low buys
Tomorrow should be a nice green day with today’s actions.Silver future nice and green atm… Should be a good Friday!!!
I am intrigued with what cycles are showing. We are close to a major change: https://www.youtube.com/watch?v=5repG5yp8m8&list=PLQFZhqmSOlq9LpUrK2lBApXDhAEh7L8Jn&index=1
Silver is covered here: https://youtu.be/5repG5yp8m8?list=PLQFZhqmSOlq9LpUrK2lBApXDhAEh7L8Jn&t=2445
His daily cycles suggest we are near silver’s peak, and that a cycle low may occur about mid November
Looks like the bloodbath has started in USO.
Anyone still holding NOV calls?
Tempted to place a house money bet on them, but it probably should’ve been placed yesterday.
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