AI
Sunday, April 09, 2006 1:27:08 AM
SILVER: Part 1:
I'm going to try this again with charts from another source other than Bar Charts. IHub administration insist that the problem I had with the last charts on this post were not related to IH, but rather Bar Charts. Therefore....
It is almost inconceivable for a commodity to go parabolic. It isn't like some low float stock that can announce news that could cause it to quadruple earnings.
Nevertheless, Silver looks like it is ABOUT to go semi parabolic. If so, it could hit the upper $13's by the end of the month. That's when I go short to cover any (hypothetical) hard Silver in my possession which, if I (hypothetically) owned, I would never sell until some EOTW scenario.
The Copper chart is below the Silver chart. They are very similar and a blow off top of 300-330 around the end of April or early May is feasible. If so, it would be the time to short it IMO.
In both cases, you should be able to EXPECT a MINIMUM of a 15% short term gain on your short.
Remember, however, the issue is NOT whether Silver hits $13.75 OR whether Copper hits $315. THE issue is whether they hit those prices in the time frame I outlined. If so, then they will have been ridiculously overbought. That is when you either have to sell a stock or (in this case) commodity, or go short... IMO
All, in my very, very, humble opinion. I could be wrong. I'm wrong more than right. Do your own dd. Caveat Emptor. Take into consideration your own investment tolerances and risk factors. Blah, blah blah.
SILVER
COPPER
I'm going to try this again with charts from another source other than Bar Charts. IHub administration insist that the problem I had with the last charts on this post were not related to IH, but rather Bar Charts. Therefore....
It is almost inconceivable for a commodity to go parabolic. It isn't like some low float stock that can announce news that could cause it to quadruple earnings.
Nevertheless, Silver looks like it is ABOUT to go semi parabolic. If so, it could hit the upper $13's by the end of the month. That's when I go short to cover any (hypothetical) hard Silver in my possession which, if I (hypothetically) owned, I would never sell until some EOTW scenario.
The Copper chart is below the Silver chart. They are very similar and a blow off top of 300-330 around the end of April or early May is feasible. If so, it would be the time to short it IMO.
In both cases, you should be able to EXPECT a MINIMUM of a 15% short term gain on your short.
Remember, however, the issue is NOT whether Silver hits $13.75 OR whether Copper hits $315. THE issue is whether they hit those prices in the time frame I outlined. If so, then they will have been ridiculously overbought. That is when you either have to sell a stock or (in this case) commodity, or go short... IMO
All, in my very, very, humble opinion. I could be wrong. I'm wrong more than right. Do your own dd. Caveat Emptor. Take into consideration your own investment tolerances and risk factors. Blah, blah blah.
SILVER
COPPER
Warren Buffet: 5 minutes and 17 seconds of pure, unadulterated, bulletproof, flawless logic.
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