The Money Game!

hi everyone,

It seem like the blogger having problem which i have problem updating the blog.

The precious metal market is setting in a bearish trend, but one thing to take note this time is the silver is holding up well while the gold is still in correction.

I have think the silver might be in consolidating mode due to on going bearish sentiment in the market.


It is hard to tell when the correction will end .. what we can do is be patient for the right timing to enter this long term bull market.

I think we can use the dollar index and gold price as indication , I am looking for the gold price to correct to 1400 - 1420 range while the silver is in consolidation mode.

Now there is alot of sideline money waiting to enter gold and silver market especially those who missed the rally. so not sure how deep the big boy going to play this market.

My outlook is that like the silver price will be in consolidation mode at around US$ 28 - US$30.00 there might be a long liquidating toward 25 - 28 area but it just money game to squeeze out the short .while the gold will be in correcting mode, this is to give conflict signal to the bull and at same time use this opportunity to cover short in silver.

For the dollar index made a surprise move which i hit the right timing to sell my EURO bet ... as for the dollar.

I think it will move to 76-77 range to squeeze out all the short.. before consolidation to toward downward trend.

The bearish trend is starting to build up in gold and silver with the strength of dollar (which is no reason to be bullish about) the next great move in dollar will be the raise debt ceiling. which should spark a sharp rally in precious metal.
Everyone should pay very close attention to this event.

The best way to play silver market is to accumulate physical silver on dip cause physical is where the big boy cannot force you into liquidation like paper silver.

Never act smart by over leverage in future market, long term play in physical gold and silver will be a better play.
And most importantly it is better to hold physical metal instead paying ETF.

there is a reason to create a panic selling at this point when the Fed is speculate to unwind QE2 end of june so by the time, alot of people will call for further gold correction but i think before that happen the gold and silver might already prepare to rally again.. so sound as tricky as it is.

As for Oil, I think the demand is there and we are going to depend on oil more then due to nuclear crisis. This is long term outlook.

For next week, I see a great chance of relief rally in commodities before another sell off.. so we will be run in the trading range style for the next few session same as for precious metal.

So my trading will short style down = buy , up = sell..

Last Thursday, I manage to buy oil at 93.5 and silver at 33.2 start closing long position next week.

as for the s&p , i will play short on strength from here onward...



hope everyone goodluck and have a good trade