remaining longs. Senor should say he has a traders approach to the metals here and not a long term buy and hold approach, keep that in mind as it may differ in a grande way from yours.

BSing away

Senor

Did the same thing Senor. Just being careful and mature toward this.

Interestingly the BPI Index at Technical Watch for 72 Precious Metal Stocks just poked above 50% compared with close to 80% on the 2006 spike up in Gold prices, perhaps background Equity Market weakness is hurting the stocks, if Equities can find some support then maybe the Gold Stocks will play catchup, plenty of people looking for a correction in Gold...and they may be right but based on the Indicators like ADX, BPI there is room to run on the upside from here, especially if this is a Primary Wave 3 Top......a run up to $1050 would certainly get the juices flowing

Well thats OK for you guys. I realize that we have come a long way and we are overbought, but I am staying long. I don't have time to keep a close eye on the markets and I am afraid that gold or silver might do what cotton did yesterday...shoot up 10% in one day. I think that we are in Senor's "grande wave tres". Pullbacks will be sharp and fast and hard to catch...a game for the nimblest of traders. Me- I am riding the wave with wide stops for the majority of my pm holdings.

NEM will make a new high before this leg is done, imo

unless it doesn't, and it may need to complete a much larger correction first and go significantly lower. NEM has been acting MUY MALO.

NO BS

Senor

Senor! I hate to restate this again, but man you are good!

Will, SenorBS trades a lot anyway. This is a buying opportunity. $1300 is the point at which you get cautious. Best Islander

Senor really seems to have a talent for sniffing out tops and bottoms. Today I was home with my quote screen so I added some GDX at 52.30. I also put a stop on half my April gold at 950...but really don't want cash gold to trade under 953.

940 is the old top and 937 the 50% of the range 885-990. 953 would stop you out in no man's land. Good luck with the futures ct.

Howdy Senior,

Good call. I don't have the talent to play it as close as you, but will take some profits if it appears to be correcting. It still feels like we'll have a decent correction with the spring/summer seasonality and I really hope so because I'm targeting that time period to do some physical buying of the real stuff.

That said, yesterday was about 2% and my mental stop loss is 10% from the high so unless it gets down around 900, I'll just stay long and forget it.

But hey, I've been riding this pony since '02 so WTF do I care. I've got AUY and SVMFF.PK (silvercorp) both up over 400% so I can afford to ignore minor ups and downs.

Keep up the good work,

rono