Gold, Oil & Indices (Equity & Bond Indices)

bigb...thats why im sitting out and saving the rest of my cash for when dave..ignore..ect..start saying there long dollar.. prob miss out on some pips but i don;t have enough experience to spot a major reversal.. therefor best to leave that to the more experienced members..ok guys gl today:)

Sorry sir, to be fair, none of the 3 websites I frequent, viz. EWI, Elliott Wave Lives On or Elliott Wave predictions opined selling. In fact the 3 or so metal websites GoldnSilver, Silver.org & Casey Research have been advocating a buy even at these so-called "high" levels. This is the only forum that I visit and where I utter some nonsense. Thanks for the anonymity of this internet thingy.

Not giving excuses here but I think I do tend to get caught up with fading when I see others do it. I am generalising, but one glance at the posts and you feel that many are trying to pick a bottom with the USD or top is some other counter and it feels safe to be doing it with others. Typical greenhorn tendencies, I guess.

That is why I feel the need for someone above to shout at me to do the right thing.

I was stopped out with silver at 45.45. So much for my maiden foray into silver and attemp at fading it. On hindsight, when I sold it at 44.73 I ought to have taken some profit out of it at 44.30 or even 44.50 rather than hoping for it to breach 44 and hit my target of 4380, afterall silver is in a bullish streak.

I am reading that what we have witnessed in silver is still not a 'parabolic' move yet. Frankly if this is not parabolic I dunno what is(well then again I am only a 3 month old 'trader'.

When I asked a broker friend of mine what constitutes a 'parabolic move' in the case of silver he says that that will mean $2-3 upward movements everyday and towards the last stages even $5 a day movements. Cant quite imagine that.

This is not for the faint hearted. This quick silver hardly retraces and when it does it does the quickest of u-turns. And gold and silver play like a tag team together, when one sleeps the other makes its moves but finally they pull each other right along.

Appears that it's safer to join than to bet against this solid tag team in the current climate, IMHO.

Cant figure out how EWA fits into all this. Even EWI has given up with wave counts for silver for the past week or so. Yet EWI's current word on silver price is that- it is "highly unstable". Cute description.

Gold has now hit my last posted 1509 level at 161.8% ext ret. No sign of a reaction as yet but its a level at which I take some profit off the table and move up stops. Eventually one of my levels will prove to be a significant High/low, they always do. I might stop posting levels as not much interest in them and hate just wasting valuable time.

Thanks Qingyu.....I also expect Silver to top out in the interim period.. I have shorted 4571, which isn't too bad, but I'm hesitant with the slow movement there is going to be a big move.....not sure what direction