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Re: None

Thursday, 05/02/2013 7:28:52 AM

Thursday, May 02, 2013 7:28:52 AM

Post# of 42458
precious metals -

GLL (2x short gold) broke the resistance downtrend suggesting gold might downtrend. UGLD (3x long gold) broke support trendline as well but is still supported on its 50 hour average.

Gold miners IAG GG AUMN THM EGO and TC all held their trendlines.

DUST (3x short miners) did not break its trendline resistance.
NUGT (3x long miners) did not break its support.

Silver miners held their trendlines but silver has been less chartable then gold and the miners even less so.

ZSL (2x short silver) is chaotic. USLV (3x long silver) still has flat support at $10 but is chaotic.

PAL on support, holding.
PLG approaching (sideways) lower side of uptrend channel.
PGM (ETF) chaotic uptrend.

I am collecting slowly in silver (USLV, FSM), gold (NUGT, TC, considering THM and EGO), and platinum (PAL, stalking PLG).

I am also playing calls on NUGT and puts on DUST when they are clearly moving (nothing now.)
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