HEY! I resemble that remark: "Newcomers would have taken it on the chin today for sure"....lol...
I thought you said todays report was gonna be bullish! 'sheesh' ... get it right man!
All kiddin' aside, this really looks just like a minor correction...seriously, I bet the market would have briefly jetted higher on a bullish report and corrected anyways!! It was due!
I'm holding fast anyways...still looks like a breakout in the making to me...it's holding 4.70 still, the left shoulder of the pattern...volatility may REALLY go nuts now as it zigzags higher...
Silver is interesting right now...looks exhausted...it better get some powder under its a$$ real soon or I think its gonna pummel right off the cliff...
Here is the acid test...$38 or bust...
I've been staring at that chart comparison to 1980 until I'm blue, lol, and I believe actually early next week is the timeframe for collapse...and that co-insides with a failure tomarro/Monday with it holding substantially above $38....I might buy just 1 more put....
Anyways...long Natgas/short silver...that's the trade for me right now...(short Euro too...) U.S. dollar's gonna grow legs...BIG divergence in the weekly just took place...
Cheers!