Do you know where I can get the VIX 7-day % ROC chart free? Thanks

I tend to agree with you on the thought process regarding buying calls. I sold my zsl calls today that I bought when silver was tradeing around 37. I think the 34-38 ranged will bounce around for a while. I think it will hit 30 before it hits 45.

Fill me in. I'm not seeing anything new in that. Thanks guys.

I agree that the market will continue down making puts moneymakers. I also agree that slv is heading lower. I have the July puts on slv and f for now.

Not yet. Waiting for sept 2.50 call sub 10 cents.

I like those SIRI September 2.50 calls as well. i am waiting to buy until siri confirms it is not going to retest its 50 dma. anywhere under 10 cents and I would buy the calls for sure.

I agree on that. Right now I am very cautious of all plays but I think that call looks good. BTU looks good as well. Same sector.

Any thoughts on RFMK?

Charts on JCP and DE looking oversold.

Yep, I'm on them. May 95 and 100 and June 100. Chart looks good so hopefully it can break 100 quickly!

I think Dirt Man will win this. Did all of you see that the CME raised the silver rate again another 17%. Unreal-four raises in two weeks. Goes into effect tomorrow after close I believe.

37.25

I think silver will bottom around 37.25

Ok AD--here's my thoughts on silver. Clearly the manipulation is on to take out stops at 10 day 20 day etc. The last 4 times silver price was up over 30-40% it corrected between 10-15%. I think this could correct in the 20-25% range considering the steeper move up. Thus, right around the 40 dollar mark would be the 20% drop and I think that is where a buy in looks good. It will probably overshoot down to around 38ish if it breaks below 40 (pschological panic). In the meantime this week and maybe into next week I believe it will be a yoyo. I will play some intraday agq puts most likely and wait for 40 or below or a steadying of the price. Also, I have shifted a little of my silver funds to gld and uso in the meantime.

i don't knowif I would take the puts on USO as the dollar is still trending down and usually USO does the inverse of the dollar. Silver on the other hand is not following any rhyme or reason at the moment. IMO just cleaning out stops. CME keeps raising the rates but I don't think this can hold it down for too long. Silver should be well into the 50'2 by the end of summer IMO. Notice gold up when silver was down. Clearly shows some shady things going on. I'm going to let it get its sel sorted out then I will be back in unless silver drops to 39.50 then I will re-enter immediately.

Thanks. I see that it did have a little resistance there in April. If this dip holds I don't think it will stay down long. Seems shady when the move is that big??? I will load the boat if it hits 40 that's for sure.

How are you picking that price? 50 dma?

What price are you looking for to dive into. 20% correction from top would be right around 40 an ounce. I need to go look at some chart lines. 40 would be a dream IMO.

Funny that you say sell May. I have already done that. I am holding some July contracts and some October contracts that I have had for quite a while. Tomorrow ought to be interesting. If Bernanke says some good things about qe2-3 then silver should go up more. In this case I will be investing in some agq calls.

Ok, here's the million dollar question. Is silver going to reach down to the 41 range before popping through 50? I am only holding one-third of the silver calls I had because I am weary about wht old Bernanke will say tomorrow. Once that is overwtih I will be looking to put the other two-thirds back into silver. If he says anything inflationary then I believe 41 is imminent. However, i don't see him doing that. I think traders will try to scare investors with the whole Bernanke thing but I think we will be lucky to get silver down to 43. i will be buying there if it hits tomorrow. BTW- silver has already had a 10% correction. 43 would put it at a 15% correction. I don't think it will correct more than 20% so I think 43 is a good spot to start getting back in.

CLF---Take a look at the May 110 and 115 call volume. I would definitely say this is a hint!!!! Earnings out this week as well. I'm on the May 100's BTW.

AD--Any more thoughts on MOTR. What makes you think it is due to rise? Thanks-Moe

Nice to see you back AD. I am holding a large amount of silver contracts ranging from May calls to October calls. I see silver rising to 60-70 range without too much of a problem. As far as this week goes I am a little concerned about what Bernanke will say on Wednesday concerning the dollar, QE2 (posssible Qe3 or extension of QE2), debt ceiling. His remarks could boost silver but could go the other way as well. I think no matter what he says it will be hard to slow the silver rise for more than a few days. On another note, I am looking into some USO June and beyond contracts but have not narrowed it down yet. I eat lunch with a man who has owned his own oil company for a long time (he is 85) and I asked him his opinion on the direction of oil. He commented to me that his company just doubled their line of credit to buy oil because he sees the price going dramatically higher. Clearly, I would not make a buy decision based just on his opinion but with everything I have read, upcoming world events in the Middle East, and simply the chart the Matt Chart has posted on oil, I am willing to wager that oil should creep into the upper 120's near-term. Ok be back later --can't wait to see how silver market open tonight!!!

Great charts and explanation. Thanks for your efforts. Also, I watched your oil chart from Feb 23. Great analysis and it looks like we are now in channel A. 150 oil is definitely probable IMO. Thanks again.

Interesting for silver investorshttp://www.zerohedge.com/article/will-silver-surge-following-nationalization-bolivias-silver-mines-president-evo-morales?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29

Matt-got a question fo ya. I'm sure you have noticed in the silver chart over the past few years that whenever the price of silver gets 40-50% above the 200 DMA the price of silver corrects in a big way 30% or so I think. What are your thoughts now that we are 50% above the 200dma now. Thanks

CLF is ready to rise againCLF - Daily Candlesticks

I like this one as well based on the chart for some good movement soon.BTU - Daily Candlesticks

Chart looking good on MON. Looking into May calls.MON - Daily Candlesticks

Great day for commodities!! Anyway, I don't usually play penny stocks but I have one that I believe will be a multi-bagger. It is CGAQ. Let's just say I have a good "feeling" about it ;)

Sold most of my silver calls early this morning except for my July contract. Pondering shorting silver until the 37 level at least (20 day moving average). I'm happy this is occurring and I hope we can get a 10-20% drop in silver price. Then it will be time to reload and enjoy the ride up to 45-50 range like we just enjoyed the ride up from 28-40. Exciting times!!

No never traded sivr but it is backed by physical silver. Well, I guess the movement in the silver price this week will determine which slw and slv options I purchase. Hopefully we see more green this week!! Pre-market looking strong again.

Just looked at both. I like sept 50 better. I notice they both have high open interest. May worries me because if there is a pullback in price it doesn't leave much time for a recovery. More risk but more reward. I may play a little of each so not to put all my eggs in one basket. ALso, I know you dont like slv but how about SIVR??

I'm looking to reinvest silver profits into SLV July 42 calls and SLW June 48 calls--Any thoughts??

Food for thought on qe3 http://hamsayeh.net/economy/535-the-federal-reserve-must-implement-qe3.html

I've been trying to figure out how to invest my money from my april silver contracts that expire next week. The first question is when will silver get a 4-5 pullback if that even happens. I'm thinking that qe2 ends in June and if we don't get a qe3 then the dow will lower and the outlook on industry will probably be negative. Alot of silver is used in industry and this could be the factor that causes silver's price to take a dip. Thus, I am hesitant to reinvest all my silver money back into calls until after qe 2 ends and we see if we get a qe3 which would boost the market and the outlook on industry and thus silver would continue its upward movement. So, what are your thoughts on whether or not we will get qe3? For now, I will keep my July 40 slv calls and reinvest probably about half of what I cash out next week. I will continue to play CLF and WLP in the meantime. BTW-I lost on MON but will be watching for it to bottom out in the low 60's. Moe

That trend line right now is at about 38.80 correct?? Drops below this get out

So you are saying silver continues its rise for another 4 weeks before a correction? If thats the case then at what price do you see it begin its correction and to where will the correction fall in your opinion. My April 30 and 35 call contracts expire next week and I am trying to figure out where to put my silver money next. Thanks-Moe

Break-Look to get in on the May WLP calls if the stock price gets under 68.75 range. As always CLF is great but it may be do for a slight pullback. Im also on WAG, MOS, and MON calls. GLTA

Yes, I keep an eye on it but I'm not willing to buy casino stocks right now. Better plays out there I believe. That Accumulation looks weak doesn't it.