25 August 2011

Gold Daily and Silver Weekly - Surfing Tsunamis



Some option expiration. Can you believe the nerve of these guys?

Bought the dip, and flipped out at the close. Didn't exactly see that coming, but why say no to free money?

I don't think we're in Kansas anymore, Toto. At least not judging by the size of these waves.

I maintained a core position mostly in gold. Some of the swings today in the miners were pretty impressive to say the least. I won't mention any particular names, but watch how miners perform on days like today, and you will be able to sort out the nuggets from the clinkers.

WWBD. What Will Ben Do.

Benny speaks tomorrow. Commentary here intraday.

If the Fed does nothing tomorrow, and only hints around at it, give the market a little time, maybe a week or two, to pry some candy out of Benny's goody bag.



The gold and silver traders are really feeling the stress.

Famed analyst and metals perma-bear Jon Nadler elaborates---