Market Curiosity: Exploring Markets And Systems

August 14, 2011

Long December silver. Updates on partial backwardation, M1 and M2, and seasonality (update 3, May 2)

Filed under: Systems — Tags: , , , , , , , , — Jeff Fitzmyers @ 10:13 am

Buy stop: 39.25
Stop loss: 37.80

+/- Weekly RSI at fulcrum point?
+ NR7 bar on near term EMA and Bollinger Band support.
– Low volume.
+ EMA’s heading up.
+ Seasonality likely bottoming.

Money supplies being inflated:

Although a low risk seasonal turn point is near the end of the month, a closer turning put is near. Worth the risk to be a bit early.

Turd Ferguson: A Look At The Latest CoT

August 16: Moved stop loss up to todays low. Price probably should have launched up today. Instead it was a narrow range 7 day.

August 17: Moved stop to break even.

May 2, 2012: Closed the trade — did not track it and don’t want to look it up right now 🙂

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