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Just bought Silver

Jignesh Posted 3 Aug.  in #Trader's blog #XAU/USD #XAG/USD #Metals
At the start of the week, I was looking at the currency pairs trying to see what was strong and what was weak.
For quite some time, I've been extremely bullish the GBP. I've also had a swing trade on NZDUSD & NZDJPY which I've been short for months. I have closed the Kiwi trades, and waiting for the right time to close the GBP trade.
It's not very often that I find myself bearish the pair I was most bullish, and bullish the pair I was most bearish, but that seems to be the case.
On another note,…
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Metals Update

Jignesh Posted 9 July  in #Trader's blog #Gold #Silver #XAU/USD #XAG/USD
Yesterday I blogged about a potential long opportunity and several key technical areas in the metals.
There was an interesting article that I came across since then, which adds more conviction to the trade. This was published by Reuters on July 7.
UPDATE 1-U.S. Mint sold out of silver coins due to strong demand
Follow the link to read the full article. The most interesting part of the article was this
This is the second time the mint has sold out of silver coins in the past nine months
…
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Shinga avatar
Shinga 9 July

interesting Jignesh

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Establishing Gold & Silver Longs for a Swing Trade

Jignesh Updated 8 July  in #Trader's blog #Gold #Elliott Wave #Silver #XAU/USD #Metal #Swing Trading #XAG/USD

There is a technical setup in Gold I've been keeping a close eye on for the last few years. Monitoring the wave structure trying to catch a good level to go long.
According to the wave count in Gold, the bottom has already taken place on Nov 5th, 2014 @ 1130.
Since then the price has seen a bullish move and a deep retracement.
The charts below show the setup and wave counts.
Figure 1 - XAUUSD Daily holding it's trendline and key 88.6% Fib Level

Figure 2 - XAUUSD Daily Wave Count

Th…
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