At it, hammers and tongs…GLD, SLV

• Post author:WHC Bassetti
• Post published:February 6, 2010
• Post category:Letters
• Post comments:2 Comments

As you will see from our discussion yesterday there was in addition to the hammers in the indices a hammer in the metals.  At this point the SLV and the…

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Busy, busy, busy…bought Platinum, lifted gold, silver hedges for personal accounts

• Post author:WHC Bassetti
• Post published:December 16, 2009
• Post category:Letters
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There is every possibility that this could be a flag in PGM which could augur another leg down in platinum and the metals.  But, ever adventurous we lifted our gold…

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Fun stuff. Gold, silver, platinum

• Post author:WHC Bassetti
• Post published:November 30, 2009
• Post category:Letters
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Tis the season to begin thinking about wearing this stuff instead of  trading it.  But first we have to manage our trades before we hop off to breakfast at Tiffany's.…

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Gold. Gaps. Golly–gee–whiz.

• Post author:WHC Bassetti
• Post published:November 24, 2009
• Post category:Letters
• Post comments:2 Comments

Stock investors are now looking at something in GLD that futures traders are long familiar with -- repeated gaps.  These rarely occur in stocks, but are common in commodity blow-off…

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Platinum. Sigh. A mismanaged position.

• Post author:WHC Bassetti
• Post published:November 20, 2009
• Post category:Letters
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Here is an example of a mismanaged position.  We bought platinum in January.  Obvious isn't it?  Broken downtrend line, clear neckline over a clear bottom.  As can be seen we…

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