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TFC Commodity Trading Forum

Re: Trades - TBT/Silverbear *PIC*
In Response To: Trades - TBT ()

Yes I have been watching TBT too. For starters it does need to cross above 20.26. I don't like the idea of fighting the Fed though. But a chart is a chart and it knows more than I do. Certainly worth a bet with a close under 20. Also notice the Gold stock ETFs with the reversal bar the other day and now a break over many downtrendlines. Could be more of a bounce there as well. CEF also did the same. The metals are still outperforming the stocks as usual. CEF is a nice balance of both metals too. But the seasonals are sideways choppy and volatile into a summer low as a rule. Being a Friday who knows what positions are being taken that will evaporate come Monday. Even the Oil trade is questionable with so many positioning for fireworks over the weekend.