Comments on: Silver looks toppy but Dollar Index needs to bottom

By: Jai

Jai — Thu, 05 May 2011 12:44:51 +0000

In reply to zubair. No need to thank me Zubair :) Pulling the trigger on someone else's opinion is never easy. Enjoy the ride.

By: zubair

zubair — Thu, 05 May 2011 09:41:34 +0000

thank you sir

By: zubair

zubair — Thu, 05 May 2011 09:41:15 +0000

pulled the trigger at 48$

By: Jai

Jai — Thu, 05 May 2011 07:20:17 +0000

In reply to zubair.

Hi Zubair,

The important thing was to pull the trigger on the trade 🙂 with risk control measures in place.

Best regards,
Jai

By: zubair

zubair — Thu, 05 May 2011 06:35:15 +0000

hello sir according to your view more from 50$ to 39$ this morning

By: Raunak Agarwal

Raunak Agarwal — Tue, 03 May 2011 02:59:06 +0000

Agree with you Jai.

Must say, along with Dollar, Equities (especially) in Emerging markets and India are looking shaky.

Downside risk have increased considerably.

Raunak

By: Jai

Jai — Sun, 01 May 2011 01:07:31 +0000

In reply to Agiletrader.

Hi Agile,

How I would approach this set up is underlined in the 2nd paragraph. Anything more I say can be interpreted as investment advice – so I cannot say anything more here 🙂 Your question itself tells me you know what you should do.

Cheers,
Jai

By: Agiletrader

Agiletrader — Fri, 29 Apr 2011 14:58:03 +0000

Hi,

Could the high volumes be because of compulsory squaring off of long positons because of margin calls. Also new short postions were generated. Subsequently Silver has bounced back sharply from the lows and is testing the highs again. What now? Sell now with some sort of stoploss above the 1980s high or something? Or wait? If it does not make a new high then it should come to test the previous low? At this level the stoploss is quite close. Or has the chart or other indicators signalled a continuation of the upward move, in which case there is no point. Do enlighten. 🙂

Thanks.