Silver going up

Silver

 

Silver started going up a few days back. Looking through the lens of three filters, it appeared as:

  1. Trend is up.
  2. Bouncing back from support.
  3. Favourable candle stick pattern.

So buying silver was a good idea to make some quick buck.

 

 

 

Shorting Copper

Copper

I have told you about the 3 filters in the page “Custom Techniques“. Now let’s see what’s going on with copper.

  1. There is a downward trend.
  2. Right now it is hitting the support.
  3. Candlesticks also show a downtrend.

However I am a bit skittish about what I see here today. I think I will wait until I find a low risk entry point for a short position. I will wait for a retracement to the resistance.

So keep an eye on copper.

 

 

 

Have you seen the operating license of Coinbase?

Coinbase has been operating without any licenses! Coinbase is based out of San Francisco California.  …

[Read more…]

Bitcoin’s Future Uncertain

Bitcoin’s Future Uncertain Bitcoin’s Future is uncertain at this point. With the price close to the 200 mark, and possibly dropping more no one knows what will happen. Some say to capitalize on the situation and grab what you can while it is low. Others…

[Read more…]