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SLV

Gold Retracement StrategyI've been following the path of gold ($GLD) and silver ($SLV), and how it's been relating to $DXY. Here is the path that I think it will take. First, I think we're going to get to the .382 fib (~1838), then we're going to go back up to the .236 fib (~1929), and then back down to complete the 50% retrace at the .5 fib (~1765). From there, we should move up substantially. This lines up nicely with $SLV as well. That's my best guess based on what I see! (Not financial advice!)
OANDA:XAUUSD
by rmajoran
THE WEEK AHEAD: COST, GDXJ/GDX, XOP, SLV, EWZA late "Week Ahead" post after a short road trip ... . EARNINGS: There aren't many options liquid underlying volatility contraction plays on tap this week. COST (35/38/6.8% (October)-10.1% (November) announces on Thursday after market close, but the volatility metrics aren't the greatest for a contraction play with 30-day at 38, the October monthly at expiry-specific 37.8%, and the November monthly at 34.8%. My general cut-off to pull the trigger on something is a 30-day greater than 50%, so I'm likely to pass on this one. EXCHANGE-TRADED FUNDS WITH 30-DAY GREATER THAN 35% AND RANKED BY PERCENTAGE OF STOCK PRICE THE NOVEMBER AT-THE-MONEY SHORT STRADDLE IS PAYING: TQQQ (42/103/33.7%) GDXJ (23/58/18.3%) XOP (17/55/17.8%) GDX (24/49/15.0%) SLV (45/48/15.2%) EWZ (20/48/15.1%) XLE (27/44/14.0%) SMH (25/40/12.2%) QQQ (36/37/11.6%) IWM (33/35/11.0%) Pictured here is a GDXJ November 20th 45/65 short strangle with the short options camped out at around the 20 delta that's paying 2.95 at the mid price. Although it's a little early for the November cycle (58 days until expiry) if like to keep things in that 45 day wheelhouse, this is the best bang for your buck as a function of stock price on the board, followed by XOP, GDX, and XLV. BROAD MARKET: QQQ (36/37/11.6%) IWM (33/35/11.0%) SPY (23/29/9.0%) EFA (23/24/7.5%) I've been engaging in programmatic 45 days until expiry, 16-delta short put selling in broad market in the highest 30-day implied instrument on the board. Here, it would be QQQ. However, there are only an October 30th (37 days) or a November 20th (58 days) expiry available, where the 16 delta strikes are paying 3.27 (the October 30th 235) and 4.22 (the November 20th 226). I've already got an October 30th short put hanging out there, so may just wait until next week when an early November weekly becomes available. IRA DIVIDEND-GENERATORS WITH 30-DAY GREATER THAN 35% AND RANKED BY PERCENTAGE OF STOCK PRICE THE NOVEMBER AT-THE-MONEY SHORT STRADDLE IS PAYING: SLV (45/48/15.2%) EWZ (20/48/15.1%) KRE (26/44/14.5%)
AMEX:GDXJ
by NaughtyPines
2
This represents a serious breakdown for silver (SLV)As I expect many others have commented on, this breakdown from the consolidating triangle bodes ill and represents the correction and reversion to mean I've been expecting in precious metals. I am still very bullish long-term but please watch the cup and handle pattern in gold to ensure it sticks, otherwise something more serious is afoot. What worry's me also is the shortness of the tail so I definitely expect this to fall further!
AMEX:SLVShort
by DanjaZown
4
Time to sell silver for Goldi definitely believe this is the time we have to sell silver for more Gold. it is struggling to surpass the green pivot point . Meaning i do not think it is going to lower the silver price any time soon. . Also it has already broken out of the red pivot point. i was looking at the overall silver analysis and i believe another bull market is potentially on the way. This ratio is just proving it . silver is going to cost more resulting in a lower gold silver ratio. Im buying silver now before it makes another big move. Please leave some feedback! Are you buying or not ?
TVC:GOLDSILVERShort
by cortes5150
1
Hi Ho Silver, we go like this till we go up!As you can see on the tremendous chart, silver will go and do things before it goes on a tremendous rocket ride. Some little gap resitances and supports being seen on the different time frames. Overall bigger picture is a symmetrical triangle which should resolve bullishly based on the SLV/GLD ratio chart. In the shorter term we may follow roughly follow the yellow line into some of the gap candle resistances on different time frames. Upper spot which the yellow path I've drawn hits comes into a moving average at the same time, then back down into our triangle before we resolve to a grind upwards out of September before final rocket up. I haven't posted the SLV/GLD ratio, but I guess I should to show that the timeframes are in alignment for the bull run.
AMEX:SLV
by TraderCaps