I bet on BKR because it was lagging the other 2 major suppliers (SLB, HAL). But has since caught up (several green days while SLB and HAL had some red days, as well as out percentage gaining on them). It has now gone over my 5X goal so I can pull profits, I can also roll the options to December if I believe BKR continues to run. The weekly chart says rolling may be prudent, as the weekly chart JUST started to show a breakout. Meaning we should cool down as profits are taken before another run up begins. The psychology behind this is that everyone (like me) who got in on the initial run will start to take profits at the major MAs (50,100 etc) before rolling or loading up on more shares/options as we close in on November expiry.
as always good luck
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iamiam
OPjimmychoos
:
clf was just thrown off a cliff, maybe a great entry. silver and gold are volatile because of rare earth policies. Silver and gold are both looking to make a move (today FOMC, or friday employment next week inflation data?) they are forming triangles and the bollingers are closing.
iamiam
OPjimmychoos
:
me either, I thought with the dollar fall and clf hitting weekly buy signals (for a long run) I would be good going long but it shot up once and has been falling since.
jimmychoos : Any updates on CLF gold and slv? :)
iamiam OP jimmychoos : clf was just thrown off a cliff, maybe a great entry. silver and gold are volatile because of rare earth policies. Silver and gold are both looking to make a move (today FOMC, or friday employment next week inflation data?) they are forming triangles and the bollingers are closing.
jimmychoos : Looks the move might be down you think? :/
iamiam OP jimmychoos : I hope so, I have been waiting patiently for a real dump
jimmychoos iamiam OP : I'm surprised these gold slv steel stocks have not rallied even though the usd looks like it has really topped
iamiam OP jimmychoos : me either, I thought with the dollar fall and clf hitting weekly buy signals (for a long run) I would be good going long but it shot up once and has been falling since.
iamiam OP jimmychoos : I'm at work but silver flying tells me the fed pivoted, because that would be the bottom for the precious metals
jimmychoos iamiam OP : Seems like tthere's hints of pivot but silver and everything else pumped then dumped.. any read on the market psych there?
iamiam OP jimmychoos : that was the fed, it was a dovish report but then totally hawkish powell....
jimmychoos : Such a tricky market now.. sigh
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