I have added a new feature on the new site at the last minute in which my programmer wanted to murder me. So, we have moved the launch to Monday for vigorous testing over the weekend. No rush. I want things to be as smooth as possible, granted there will be glitches, but those will be growing pains. Moving on.
Todays market action spoke volumes, from 2:30-4. The bank stocks, especially Morgan Stanley and JP Morgan got hammered. I am telling you right now, I see a lot of selling in Morgan Stanley. Even when futures turn up, I see someone trying to unload it. Something is not right with Morgan Stanley, and I suspect we should be hearing of its shit coming down the tube sometime in the near future.
As for the silver and gold, we have come to that point whether someone needs to put in a strong bid, or we will be seeing $38 and $1650 shortly which at that point are my next buying opps. In silver we are hugging an ascending trend line and MA, and in gold we are close the MA bounce I want to see.
The next two days should paint an interesting picture, whether todays candles were 'fuck job' candles we will see tomorrow. I suspect they are not, as I put on a new trade for the $50 VXX call OCT to hedge my SLV calls that are following the market which is in a new state of Barney Rubble - trouble.
The fundamentals for the PM's have gotten stronger, I am not worried. At all. My PHYZZ stack sleeps well and I wouldn't mind buying 5 more monster boxes at lower prices.