I personally only buy silver eagles,maple leafs ect. I would never buy silver bars myself due to possible manipulation of the bars. ( lead, zinc filled) ect.
Question on buying physical PM”s (I’m personally thinking Silver). I’ve finally convinced my wife that it’s in our best interest….What do you recommend buying? I’m not necessarily worried about paying a couple percent more like at sites like APMEX, I’m just concerned on what to buy???
For instance, focusing on silver, you can buy bars, silver eagles, maple leafs, industrial silver, Silver PROOFS (is it worth 3x to have “proof”; if you have a non-proof eagle, will it be accepted?)? http://www.apmex.com/Category/503/Silver.aspx
If anyone has any thought on what silver product to buy – and why – I would appreciate it.
LOL… someone stated in the chatroom about some positive Greek Debt News. I haven’t heard it yet, but it’s funny how they release news when the charts were pointing up anyway.
As for the 113.13 spy gap up tomorrow, I’d say that’s a given now that we have closed at 112+ on the SPY. This means a continued move to the upper print of 116.05 is also likely. My eta on that would be Thursday.
If this is accurate, then a gap up tomorrow is possible (and likely). We need to gap over the downward sloping trendline of resistance to make it up to 113.13 if that is the target for this move up. A possibility is a gap up in the morning around that 113.13 level, and then an early morning sell off for a larger “B” wave down with “C” up to follow on Thursday. That would be around the 116.05 spy level.
If not, then the move down from the 113.13 level would be the start of the 5th wave down, with only a smaller “ABC” move up from 107.50-110.00 (A), then 110.00-108.00 (B), and 108.00-113.13 (C)… all completing wave 4 up. I’m not sure which will happen, but I’m leaning toward the first ABC up to 113.13 spy as a little larger wave A up, then a B down, followed by a C up to 116.05 to complete this 4th wave up.
At that point, I’ll re-access to see if we are going to continue rallying into the October 23rd-26th time frame, or if we have one more 5th wave down? I could be counting the waves wrong, and there might not be a 5th wave down? I’m not an Elliottwave guru you know… LOL
It looks like we completed a smaller “A” wave up to 110.00, then a “B” wave down to 108, and we are waiting for the “C” wave up tomorrow. We could hit the 113.13 spy afterhours print from yesterday for the end of that C wave. After that I’m not sure? We could complete the 4th wave at that point, and go back down into a 5th wave… or not? The next upside target is 116.05 spy.
I personally only buy silver eagles,maple leafs ect. I would never buy silver bars myself due to possible manipulation of the bars. ( lead, zinc filled) ect.
Hey All,
Question on buying physical PM”s (I’m personally thinking Silver). I’ve finally convinced my wife that it’s in our best interest….What do you recommend buying? I’m not necessarily worried about paying a couple percent more like at sites like APMEX, I’m just concerned on what to buy???
For instance, focusing on silver, you can buy bars, silver eagles, maple leafs, industrial silver, Silver PROOFS (is it worth 3x to have “proof”; if you have a non-proof eagle, will it be accepted?)? http://www.apmex.com/Category/503/Silver.aspx
If anyone has any thought on what silver product to buy – and why – I would appreciate it.
That was breath taking, to watch. As I said earlier Red, I believe you will be correct in your longer term vision on the markets into the 23rd week.
LOL… someone stated in the chatroom about some positive Greek Debt News. I haven’t heard it yet, but it’s funny how they release news when the charts were pointing up anyway.
As for the 113.13 spy gap up tomorrow, I’d say that’s a given now that we have closed at 112+ on the SPY. This means a continued move to the upper print of 116.05 is also likely. My eta on that would be Thursday.
The bears are running for high ground.
If this is accurate, then a gap up tomorrow is possible (and likely). We need to gap over the downward sloping trendline of resistance to make it up to 113.13 if that is the target for this move up. A possibility is a gap up in the morning around that 113.13 level, and then an early morning sell off for a larger “B” wave down with “C” up to follow on Thursday. That would be around the 116.05 spy level.
If not, then the move down from the 113.13 level would be the start of the 5th wave down, with only a smaller “ABC” move up from 107.50-110.00 (A), then 110.00-108.00 (B), and 108.00-113.13 (C)… all completing wave 4 up. I’m not sure which will happen, but I’m leaning toward the first ABC up to 113.13 spy as a little larger wave A up, then a B down, followed by a C up to 116.05 to complete this 4th wave up.
At that point, I’ll re-access to see if we are going to continue rallying into the October 23rd-26th time frame, or if we have one more 5th wave down? I could be counting the waves wrong, and there might not be a 5th wave down? I’m not an Elliottwave guru you know… LOL
It looks like we completed a smaller “A” wave up to 110.00, then a “B” wave down to 108, and we are waiting for the “C” wave up tomorrow. We could hit the 113.13 spy afterhours print from yesterday for the end of that C wave. After that I’m not sure? We could complete the 4th wave at that point, and go back down into a 5th wave… or not? The next upside target is 116.05 spy.
I used to be a bird watcher, still am to some degree, so I am pretty good at waiting.
AAPL Near 200 SMA: http://niftychartsandpatterns.blogspot.com/2011/10/apple-near-200-sma.html
You could be waiting for a two weeks or so.