Posts by "eelman"

In the Fed minutes last week it was revealed that members were in disagreement and that some were increasingly hawkish. They spoke of how they were looking to decrease the balance sheet, and the very next day raised the rate for the discount window. All of this is sending a very clear signal that the Fed is changing from a dovish stance and will be tightening with measured moves going forward. This is very USD positive.

Just shorted some aud/usd @ .8925

For timing my exact entry I tend to use 1 hour chart, (look at all the upper wicks late session yesterday on 1 hr candles) To me that showed a lot of short interest building at around the 16.25 level...but really like observing the trend with 4 hr.

They are both considered "precious metals" and will trade in tandem. There are fundamental differences. Silver actually has many industrial applications vs gold which is basically just used for jewelry & investment. I have noticed over time that silver is often overlooked but can be very profitable to trade. I don't know the exact percentages right this minute, but last I checked silver was -2.4% vs gold -.93% on this selloff. I like to exploit that added volatility.

Pipped - Do you ever look at playing silver along with the gold? The % moves are much bigger and the PPT is far less concerned with its manipulation.