Advertise | Bookmark | Contact Us | E-Mail List |  | Update Page | UraniumSeek.com 

Commentary : Gold Review : Markets : News Wire : Quotes : Silver : Stocks - Main Page 

 GoldSeek.com >> News >> Story  Disclaimer 
 
Latest Headlines

Gold Seeker Weekly Wrap-Up: Gold and Silver Find Slight Gains on the Week
By: Chris Mullen, Gold Seeker Report

Ira Epstein's Metals Video 10 19 2018
By: Ira Epstein

COT Gold, Silver and US Dollar Index Report - October 19, 2018
By: GoldSeek.com

Gold Is Becoming Cool Again
By: John Rubino

Inflection Point for Gold
By: David Brady, CFA

Gold-Stock Sentiment Shifting
By: Adam Hamilton, CPA

Gold’s Official Price is $42, and maybe that’s a Good Thing
By: JP Koning

GoldSeek Radio Nugget: Ralph Acampora and Chris Waltzek
By: radio.GoldSeek.com

Is Your Portfolio Ready for the Greatest Demographic Shift in History?
By: Marin Katusa

Is Bitcoin Ever A Buy-And-Hold?
By: Avi Gilburt

 
Search

GoldSeek Web

 
'Perfect Trade' Has Netted Bears $1.78/Hour

By: Rick Ackerman, Rick's Picks

 -- Published: Tuesday, 1 November 2016 | Print  | Disqus 

http://www.rickackerman.com/wp-content/uploads/2016/10/Payoff-for-getting-short.jpg

The chart on display today returns us to a 2090.25 downside target that has been in play for five weeks. It still looks like a winner to me, even if it is taking forever to get there. Shorts entering at any point along the way would have survived without too much punishment, but the reward for enduring the stresses this might have entailed works out so far to about $1.78/hour. I have included in this calculation hours spent sleeping, or at least trying to sleep, since night-time offers no respite for those with open positions.  From a technical standpoint, our concern is not so much whether the target will be reached — it almost certainly will — but rather, how robustly the futures bounce from it. If they instead smash the target, a Hidden Pivot support, and then close beneath it for two consecutive days, that would imply that the weakness we’ve seen since early September is more than merely corrective — that it could be the start of a bear market that has grown increasingly likely ever since this bull began to flout falling corporate earnings early in 2015. . Click here for a no-risk trial subscription that will give you instant access to a 24/7 chat room that draws savvy traders from around the world.


| Digg This Article
 -- Published: Tuesday, 1 November 2016 | E-Mail  | Print  | Source: GoldSeek.com

comments powered by Disqus



 



Increase Text SizeDecrease Text SizeE-mail Link of Current PagePrinter Friendly PageReturn to GoldSeek.com

 news.goldseek.com >> Story

E-mail Page  | Print  | Disclaimer 


© 1995 - 2018



GoldSeek.com Supports Kiva.org

© GoldSeek.com, Gold Seek LLC

The content on this site is protected by U.S. and international copyright laws and is the property of GoldSeek.com and/or the providers of the content under license. By "content" we mean any information, mode of expression, or other materials and services found on GoldSeek.com. This includes editorials, news, our writings, graphics, and any and all other features found on the site. Please contact us for any further information.

Live GoldSeek Visitor Map | Disclaimer

The views contained here may not represent the views of GoldSeek.com, its affiliates or advertisers. GoldSeek.com makes no representation, warranty or guarantee as to the accuracy or completeness of the information (including news, editorials, prices, statistics, analyses and the like) provided through its service. Any copying, reproduction and/or redistribution of any of the documents, data, content or materials contained on or within this website, without the express written consent of GoldSeek.com, is strictly prohibited. In no event shall GoldSeek.com or its affiliates be liable to any person for any decision made or action taken in reliance upon the information provided herein.