Dear Matt

Wonder if you can educate me on understanding why Silver is highly correlated with the stock market. I would expect now that the dollar is loosing value rapidly the silver will go up. Even Gold today drop very little compared to Silver.

What is the right way to think about this?
Thank you in advance

Matt - margin hikes in Silver - can you explain how this works and how this affect the price / demand / supply of silver?

Ir seems that all brokerage houses are hiking margins.

Thanks

Matt - how do you sign in for the silver secret society

Hi Beenthere - what type of trader are you? Long Term position trader, swing trader or day trader.... this is important, if you are long term trader then you can buy if you believe there is value there and wait for the value to be recognized. But if you are a swing trader I would wait - there are other easier opportunities to trade out there.

AF - hi - been on and off - but I would agree with your thoughts... there are great opps below that but the probabilities are better above your $1.25

Hello everyone!!

Sorry for being out so long - but traveling a lot lately.

Hope all is well.

Not a typical ORION Stock - but nice set up

Good Morning Everyone! Hope you have a great weekend!

yes AF - ouch - I mentioned couple days ago aboout the break of the support.... not sure how long will go - it will depends on the market - the volume in the selling was low - so who knows in this type of market it may go lower. Hopefully people does/did not add in the way down.

Yes,having a plan most important thing.

Im in cash mostly since last week - have two positions... those two positions have a clear plan. If I win great - if not, great... Im just worry about trading the plan - sometimes I win, sometimes I lose - but most importantly is to trade the plan and be in the game for the long run - that's how you make money.....

I think that what most of the people miss on this boards... they think that because we said this is a good stock, the stock will be a winner - maybe or maybe not - that's not the point, the point is to learn from you or Augusta on how to set up the plan and execute that plan.

Focus on your process on what works for you. When you say I should have taken profits - what does that mean to you. For some maybe 10%, others 20%, some others 50%.... annd then how much- most will say 100%, but there are others that take profits in steps, etc.

Set up a plan that works for you - and exectute that plan.

Have a plan and trade your plan - do not trade other people plans. Some traders here are day traders, some other swing traders and other long term holders. Dont listen to anyone since you dont trade their plan - only trade your plan, period.

I have just two main positions one silver and another one nasdaq etf that will close tomorrow for small loss.

I have not done any research on that one AF. But right now Im mostly in cash - have couple open positions but it seems that if the market continue to go down they will hit my stop soon. Im basically 70% cash.

Yeap - makes sense AF

Matt - thats more than 10% correction - you really think it will go that low?

futures looking pretty bad.

Futures dropping right now - lets see how they are tomorrow. Market still in correction mode.

Well - my timing system said sell last week per my post to you - but friday stocks seem on a way to go up - but the action today continue to confirm the sell signal. My timing system is agreeing with you

I like this one.

AF

Even though I have a sell signal in my market timing system - my system is telling me there were strong buying on friday. While I cannot predict what will happen, based on friday action we may have a nice uptrend days or at least consolidating period.

But we need to see confirmation next week.

Good time to see which were the strongest stocks and watch to see if there is a upward move confirmation.

Matt - this is the way to look at ACLs as a long term hold.

For people just trading it - need to watch the possible breakdown.

ACLS watch it - if it breaks suppport at 2.51.

yes - definitely - more stocks going down today - but i have seen distribution going on the last 10 days - so this one was significant. Let's see what the market does tomorrow.

hard to say how low - but if I have to put a number maybe around 1275 for SP500

AF - got a market correction signal confirmation today

ACLS will have to wait a little bit in order to get back on track. Patience and trade your plan

I think we will see $7 soon

Hello everyone - wish you a very profitable week

YES, Yes, YES - Just love to be in HERO!

YES, Yes, YES - Just love to be in HERO!

HERO fantastic.

Matt

Do you have any good charts that compare the price of silver and individual silver stocks? Same for gold?

The reason for this is that if the market tumbles more than 10% - I see this stocks also will drop at the same pace. I was looking at 2008 and the first half the price of silver went up and then sideways when the market started to drop - and those silver stocks went down with the market.

Thanks in advance

im loving it!

yes indeed!!!!

been good to me as well my friend

Hi AF

How things? Hope all is well

HERO started to get some life.... patience pays.

Hi Matt

Im going to be on and off in the following months - too much travel.

But I have been able to trade - is a little harder but doable.

Who won the bet?

things going fantastic SeanB - just came from Amsterdam last night.

Hi everyone - I have been traveling a lot - how things going?