Tag Archives: slv

Gold and silver take gas…

Posted on Sep 24, 2011 by WHC Bassetti.

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Our letter last week in gold was singularly well timed.  And illustrates a valuable lesson.  Don’t wait around.  Something bad might happen.  Traders would now be justified in being short gold and silver, and as may be seen here the long term stop is being threatened.  If the threat is realized it would be unwise to ignore it.

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Total confusion. Indicators galore. Nobody knows nothing.

Posted on Sep 03, 2011 by WHC Bassetti.

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Barron’s is touting longs.  Joe Schmoo is getting short.  Dow Theory guys are buying.  Short interest is at historic high.  (A word about “negative” indicators here.  Some bulls take huge short interest as a contrarian signal that the crowd has to be wrong and so big short interest means a bull run is about to start.  Of course there is always that 10% of the time when the crowd does turn out to be right and you get your head torn off for fading it.)  The din of competing opinions is cacophonous.  Fortunately we observe these opinions (because that is what they are) and throw them in the trash.

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Silence is golden–as is silver

Posted on Aug 22, 2011 by WHC Bassetti.

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The markets are unfolding as we foresaw in our last letter.  Occasionally we keep our mouths shut in order not to spoil the illusion of infallibility, also, when there is nothing more to say, why say it.  The Beta wave was turned back as we expected and the C wave is now in operation.  (Illustrated in our last letter.) Meanwhile traders piled into gold and silver.  Here a long term gold chart showing the danger of what is going on — gold poking its head up above the long term channel and quite possibly going parabolic, which will quite possibly end with traders getting parboiled.

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Charlie Brown kicks football…

Posted on Jul 20, 2011 by WHC Bassetti.

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So far readers and traders who have followed Variant 1 of the Basing Points procedure are sitting in the catbird seat and enjoying the naked mud wrestling going on here.  Meanwhile we, being inveterate football players cannot resist when we see Lucy tee up the ball.  We have to kick it, and did going long the indices yesterday.  Don’t do this at home.  A power bar like that makes us think that some smart money talked to Mitch McConnell and got the word that a deal is on for the debt limit.  But don’t worry.  While “revenue” will be “enhanced” no “taxes” will be raised.  Have any of our readers read Orwell’s 1984?

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You can always hide in Switzerland…and maybe you should…

Posted on Jul 14, 2011 by WHC Bassetti.

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A charming and well run country with no bomb throwers in its legislature.  A few nuts, but what country doesn’t have a few.  Ratio of nuts to level headed burghers extremely low.  And a solid currency, which has just broken out again with this clear buy signal.  We wouldn’t treat this as a trend signal, though it might be.  (It might just be Americans fleeing their country where the bomb throwers don’t want to raise the national debt limit (that will show those tax and spenders.  We’ll blow up the country to make a point.)  We would treat this as a trade, because we think it is due to the Mexican (now there ‘s a nice country to vacation in — except for a few bandidos, drug runners, kidnappers, and mariachis run amok –many tourists have returned unscathed.) standoff in Washington.

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