$Silver leaving the station

Discussion in 'Technical Analysis' started by countryBoy641, Apr 9, 2024.

  1. SunTrader

    SunTrader

    $DXY also up 1% so far today.
     
    #21     Apr 12, 2024
  2. themickey

    themickey

    Normally when the metals go up, the AUD will rise versus USD.
    Today so far, AUD against USD has fallen with metals rising.

    But the prices of gold and silver have risen strongly so far today in AUD.

    ^XAGAUD_Barchart_Interactive_Chart_04_12_2024.png

    SILVER in AUD
     
    #22     Apr 12, 2024
  3. Rough value?
     
    #23     Apr 12, 2024
  4. Last edited: Apr 12, 2024
    #24     Apr 12, 2024
    semperfrosty likes this.
  5. SunTrader

    SunTrader

    Even "in little plastic cases" kept in the kitchen which can get humid from cooking temps and a lot of use of the faucet and/or dishwasher likely means they rate as fair valued at around $20-30 a piece tops.
     
    #25     Apr 12, 2024
    semperfrosty likes this.
  6. Yea I basically set $500 on fire last night and closed my short in the pre-market. Like I said above, I kept worrying I am going to wake up and another war broke out. The afternoon move was what I was trying to catch but was totally wrong but I would have closed that too.
    My goal ultimately is to trade the normal conditions and not get killed when totally wrong with events like this. Easy fold.

     
    #26     Apr 12, 2024
    countryBoy641 likes this.
  7. themickey

    themickey

    upload_2024-4-13_6-51-17.png

    Looks like a top?
     
    #27     Apr 12, 2024
  8. Ya know there was a horror show in the crude oil market I think it was April 20, 2020.
    Some trader was long (not a lot of contracts) at a great price.
    Problem was, It costs a ton to take delivery.
    Somebody wanted to make that point.
    So this one oil trader was the target.
    $WTIC swung negative (I think -$8).
    The guy with the contracts got crushed.
    He couldn't take delivery or sell them at that price.
    True story.
     
    #28     Apr 13, 2024