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TFC Commodity Trading Forum

Re: Gold/Silver ETF:CEF/At Resistance

Wow Trades. Thanks yet again for the chartwork!
Looking intensly at these charts it appears to me to be likely an unprecedented psunami wave is coming to the upside. And we are poised for it.
Yes, most indicators are very overbought. But it looks likely they will get very extremely overbought before this is done.
Your 'modified macd' on all these charts is in the best position it can be in as well.
And look closely at the rsi 21 on this chart. Wow. it has hit this 70 level, backed off and then exceeded it. It has not made a negative divergence yet!

Prepare for blastoff methinks...if you are not on board now you will miss it because it will be difficult to get a fill perhaps...you would be running after the train after it has left the station....
If you have doubts then straddle with options at least...(I do have a postion the other way 'just in case')
Options are the way to go because it will not be a quiet ride.

Yeeha.... this is going to be fun....

Cheers!