Buy each little gold and silver correction next week!

Load the boat. Open your pockets, put your money on the table, buy the mini-corrections, place some buy stops over the market in regular intervals and then pocket quickly next Friday or at the GUNNER24 Targets respectively.

MOST LIKELY it’s going up for five more trading days altogether. Everything is pointing to that! A strong Friday in spite of the option expiration it was. In silver we make out a mere short squeeze. With Friday, the precious metals reached their 16^th day of the upswing. Everything is pointing to an upswing for at least 21 days before the next important gold and silver top will be reached next Friday.

The actual daily 8 Candle GUNNER24 Up hasn’t generated another buy signal “yet”.

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Considering now the weekly setup, a Monday closing price of only 1392-1394 would give a beautiful buy signal:

In the weekly 8 Candle Elliptical GUNNER24 Up Setup that has given the tendency for more than two years facilitating some extremely lucrative gold trades by week closing we are sitting exactly underneath the important horizontal resistance of the just passed square. Let’s just zoom into that square…:

A Monday or respectively Tuesday closing price of 1392-1394 would break the actual weekly resistance at 1389. But for a clean breakout do expect another intraday test of those 1389 one day later… Again a week like the last with 38$ price margin and a new all-time high is marked! The reason why we should definitely be able to see a new all-time high in gold is given by its little brother, silver:

In the silver pit it’s like crazy!

The physical demand is increasing, and that’s why silver rose unbraked last week again. There are hints that next week will continue like this…one of the best buying opportunities this year!

The reason for the short squeeze is this: Many silver players will want to receive a physical delivery of an extremely high number of contracts of the front month of March. Actually in the front month of March more than 50.000 contracts are due to be delivered. We’re but a week away from the first day notice. Just think that only the delivery of 6.000-10.000 contracts will have the COMEX inventory been bled white, and you’ll understand the shorties’ panics:

The actual daily 8 Candle GUNNER24 Up shows how rapidly the short squeeze in price and time is happening:

Friday was extremely strong generating another daily buy signal. In one go as well the first double arc as the resistance Gann Angle were broken. As it were a “double buy candle”. The trading tactics are generally the same as in gold. Try to build up some positions at 32.50-32.30 and then place your buy stops all over the market until the target area at 34.20-35.00 will be reached and then cover. Above, I emphasized the only important visible daily resistance. On Monday/Tuesday an intraday mini-correction might start there possibly leading back to the first double arc. A visible rebound from it should generate the energy for the 34-35.

But all in all you shouldn’t speculate with too strong intraday corrections, you might miss something. In strong trends it’s important to be positioned into the right direction with the highest possible amount of capital – not always getting the optimal entry:

Do you still remember the weekly silver UGLY MONSTER of last week… If you don‘t – please read it up!!

http://www.gunner24.com/newsletter-archive/february-2011/13022011/

Here’s the actual state:

Everything is as it was predicted, isn’t it? Apparently the resistance Gann Angle will have to be called at next week. Exactly at 34.68, above at red IV the resistance Gann Angle is lying. In case of such short squeezes exaggerations are possible because many market participants suffer, loose control, can either calculate or observe any more. That’s why now, one week before, I can’t foresee where the very last ones will press the panic sell button. But we’ll have to reckon on the possibility that here in the weekly setup the 4th double arc is being spiked as well in this panic move. It’s 35.00-35.50 or even 36.00.

Another good advice on silver – don’t get greedy. Always think that the “big boys” rule the futures markets. In the entire Commodity Sector the large speculators (and also the small speculators at a certain range, because they seize the same position direction as the large ones) actually make too much money so the counterparts of the long positions being the commercials = big banks (as the executing instrument of the producers) are lying back by hundreds of billions of Dollars. Well, on Friday again margin hikes of almost as much as a 50 % were announced for next week. That will make things even more volatile in silver because the air is becoming thinner for the specs.

Those ones actually have very high profits in their books, but they simply can’t wait out bigger intraday losses placidly but they will press the sell button more frequently to put into effect their profits. They won’t want to hold overnight so often any more but tend to even by closing. The commercials will undertake everything to keep silver down. There’ll be surprising, unending short attacks. That won’t start off after reaching the up targets. And: If silver reaches the 4th double arc that may be the top for weeks or even for months, respectively. In the GUNNER24 Forecasting Method the commodities very frequently show the tendency to top at the 2nd and the 4th double arcs starting there a contrary GUNNER24 Setup.

For finishing let’s go to the US stock market check

Everything is going well-ordered there. Target for this up-move are the 1378, and there’s nothing doubtful in this assessment.