Last week on this blog, and as recently as yesterday I posted to this blog that we should be expecting a US dollar rebound.
This morning in early trade, the US dollar is in fact trading higher (although this could turn as the day progresses) however, I still believe the dollar will trend higher here for a short period of time.
It also appears to me at this time that the paper derivatives of gold and silver, both SLV and GLD, are going to fall under pressure in the short run.
*There is generally an inverse relationship between what the US dollar does, and what the paper derivatives of gold and silver do.
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One could capitalize on what I believe is going to be a fall in the price of SLV and GLD, by buying puts here.
Gregory Mannarino @marketreport
what puts would you recommend?
Out of the money, 3 months out.
SLV target is 14.43. If you can't remember that do as I always "suggest." Tattoo the number on your body somewhere and refer to it as often as necessary. :-)
Thanks alot, Greg. I was doing just fine with my SLV short til you had to ruin it. :-) I'll fixit! :O
I think is has the potential to fall further, I still have a small short position open.
Oh, I'm gonna rock SLV's world, Greg. :-) I gave you credit for a real good fill on your Q's long btw. I checked pricing within a couple of minutes of you posting your trade. Only 2 contracts had traded at that point and the Q's were already well off the low but it's "OK"...I'm trying to give you every advantage possible as you definitely need to post a winner soon. GOOGLuck with it. I posted the otehr side of your tade at the blog where I monitor your picks but I will be taking a short position in teh Q's as outlined in the new blog I just posted. Thisn gonna hurt BIG time, Greg and I am actually a tad surprised that you are oblivious to it. If it wasn't for the Russel 2000 I would venture to say that this Fri will be "black" Fri.
We shall see.
I'd like to see at least today's SLV high of 15.58 get taken out. It'll "probly" coincide with the overall market crash and burn. As you "properly" stated...we shall see.
This comment has received a 0.09 % upvote from @drotto thanks to: @banjo.
I'm reading your posts in reverse today Greg, lol, but you're right on as usual brother. Silver got smacked, then recovered and is now under pressure just like Gold. The Dow transports you nailed. Really appreciate you brother!
Greg, upvote and resteemed. Always deserved. Cheers.
Right on the money, I'm waiting before I buy more metals
I hope it continues high for some time, while enjoying my summer with my daughters ...
I Just found this article in the timeline of economist Paul Craig Roberts "BRICS countries strike fatal blow on US dollar supremacy" http://www.pravdareport.com/world/asia/04-08-2017/138335-brics_usa-0/
Being a Silver Stacker, I'm going for Physical Silver, at these prices.
Very useful information @marketreport your suggestions really helps us alot to trade in a profitable way.
Wow greg nice information about SLV and GLD we should capitalize on it.
i dont trade in slv and gld but ur prdictions on dollar tell us and all traders many things bcz dollar is main on all market and only dollar predicition is many helpfull for us greg sir
Thanks for giving your take on SLV and GLD.
I will short some calls to hedge my long gold holdings.
hope its another buying opportunity
Thank you greg
thanx greg for ur new infromation about dollar its ur best work for traders but yesterday u post DOW transporters and i ask u that how many affected DOW transporter on it
The transports are trying to find support here. Let's see how this plays out.
ok we will see for this
Thx
Great post, thanks for share.
Thank you for providing information to us via post you share, hopefully you can always share information with your post, congratulations good luck always, thank you
what are your current trade postions?
Click here: https://www.traderschoice.net/money-page--stock-picks.html
thank you sir for the awesome job.
i just can't catch a break on the metals, i have been loosing since i started purchasing these. I know it will turn someday.
Thanks Greg.
THANK YOU for the heads-up Greg!
WoW greg "I still believe the dollar will trend higher here for a short period of time" this is a good sign after dollar hits 30 months low. thanks for your awesome analysis greg really helpful
Thanx, but its still rather vague. Too fuzzy, too iffy. It just needs one trump tweet, or the mere wind to merely change direction for all of it to turn 180°.
I'll be watching out for Silver and Gold
Thanks for the suggestion Greg
Yes Greg you did call it and we love the fact that you where right and we upoted and we will resteem too it is a shame that more do not know just how right you are
Nice analysis greg we should capitalize on it. thanks for sharing such great analysis with us.
Awesome post greg and "Rip System" Simply outclass.
Thank you!
Yes very how are you doing
Yes, I see the same thing in the charts. GLD and SLV should, as they already are, head down.
Falling paper prices sounds like the metals will be going on "FIRESALE" soon! ;)
Upvoted and Resteemed.
You right this past weekend. The USD should contunie to see a nice rebound and the Gold and Silver will be manipulated downward.
I agree. Short term silver might fall, but long term I am bullish.
Thanks for the info, SLV and GLD may fall, but we know their price isn't real...
I believe USD will grow more and more also!
I can not wait for the Dollar to top out again, probably at the 21 or 50 DMA. Then it will be a good time to got short it again. I would rather follow the trend down then try and catch a small bounce here.
Upvoted and resteemed greg this post really deserves a 1 Million views .
Thanks for the info maybe a good time to stack more silver
Great suggestions @marketreport a rebound in dollar and both SLV and GLD to fall under pressure. thanks
Thanks again Greg. Your posts are always spot on. I don't see how people think that a person has to be perfect and always right when they trade. You have made mistakes. The difference between you and most others, is that you tell them that it was a mistake and that you are moving on from the trade.
Looking forward to your video. I am sure there is great stuff coming our way.
I am sure you will talk about Bitcoin over the weekend too.
Rip system is great!
It's pretty cool isn't it! Thanks.
I think you are a bit early on this call, there is pressure on GLD and SLV but it looks like the market is resetting for another move up. Time will tell, but I think the dollar has at least two more down legs before the long awaited bounce. Early September and I think all assets except the dollar and US bonds take a massive hit. Time will tell. Thanks for the update.
Thank you as always Brother Greg for the informative education - hopefully someone of power and ethic rises up and tackles the COMEX/ SLV & GLD powers-that-be. I cannot fathom a technology that seizes accountability and full disclosure of "hard" assets in a world that is becoming more and more esoteric. Hoping mankind comes to its senses in support of one another rather than endlessly pursuing the greedy course toward self-destruction . . .
Upvoted. I'll be resteeming this now :]
This is cool man !!!
thank you for comment
upvote
Awesome info every time, thanks Greg!
If the Silver and Gold trade continue much lower I will start to accumulate more Physical as I think Silver manly but both will have a nice run in the first half of 2018.
nice information about SLV and GLD. Thanks For Share.
before it i didnot interested in trading but ur feedback daily on dollar force me to intrest in trading if ur feedback will guide us everyday then i hope i take a step in trading but not big only a small