Expecting A Bounce! TFmetalsreport.com

[Honey]

Interesting!! We'll have to see if he is right!

Thursday, August 2, 2012 at 3:55 pm
"Well this week has certainly played out as expected, hasn't it? The question now is: Will tomorrow be the final piece of the puzzle? Will price rally off of a lousy BLSBS report? I'm quite sure that it will. Come on in and I'll explain why.

At the risk of seeming to beat a dead horse, regular readers of TFMR (and subscribers to TTM) know that this week is playing out almost entirely as expected. Last Friday, I had hoped that his week would be an UP week but I put the chances at just 25%. The more likely outcome was an early-week rally, followed by a mid-week beatdown, followed by a Friday rally that leaves the week virtually unchanged. If you haven't yet, you can read all about it here (complete with the obligatory images of the spec sheep being sheared)."....

FULL LINK TO THE TURD...

[97guns]

i read turd daily, this entry was one of the reasons i bought some last night.

(08-02-2012 03:45 PM)Honey Wrote:  Interesting!! We'll have to see if he is right!

Thursday, August 2, 2012 at 3:55 pm
"Well this week has certainly played out as expected, hasn't it? The question now is: Will tomorrow be the final piece of the puzzle? Will price rally off of a lousy BLSBS report? I'm quite sure that it will. Come on in and I'll explain why.

At the risk of seeming to beat a dead horse, regular readers of TFMR (and subscribers to TTM) know that this week is playing out almost entirely as expected. Last Friday, I had hoped that his week would be an UP week but I put the chances at just 25%. The more likely outcome was an early-week rally, followed by a mid-week beatdown, followed by a Friday rally that leaves the week virtually unchanged. If you haven't yet, you can read all about it here (complete with the obligatory images of the spec sheep being sheared)."....

FULL LINK TO THE TURD...

[Honey]

So far.. we are seeing a nice bounce this morning! There is still a lot of day left. We'll just have to see what happens.

[97guns]

mainstream media



http://www.marketwatch.com/story/silver-...2012-08-02



"I am still potentially expecting a small rally to complete within the next week or two, which can take the futures to either the 28.75 region or as high as the 29.85 region. It is from this region that I will be looking for a decline which can target the 22/23 region for the final move down in the futures, before a potentially parabolic rally were to begin.

... if the market were able to move over the 30.50 level on large buying volume, then this could signal that the rally has begun, with confirmation coming with a move over the 31.25 level."

[Number6]

Looking at all the headlines you would think it took off already. Sadly it is not even back the the highs of Wednesday. I too am looking for a solid move above $30 before getting too excited. Even then I think we will get a $31 or so and a beat back down before getting a real rally. Got to keep the people guessing.

[Viper_99]

The longer it stays down the weaker some people's hands will become and that is exactly what "they" want!