jschulmansr's Instablog I am Jeffrey S. Schulman Sr. aka jschulmansr I have now officially joined the ranks of "Day traders" and I am trading in the Markets to generate my Income. I have over 30+ years investing experience along with being a both Stock and Commodities Broker, Trading Advisor and Pool Operator. Currently however I am not licensed or registered as a Trading Advisor or Broker. I am providing the info about my trading here for informational purposes only. In addition, I am also an Internet Marketer, MLM, Affiliate Marketer, SEO and SEM Expert, plus much more... Author and Editor of Dare Something Worthy Today Too! A Blog covering Gold and Precious Metals, Financial and Investing, Market Timing and Analysis, Politics, Computers and Internet, and much more... I was recently a victim of this recession and "downsized" from working at Qwest Communications, with the Executive Offices of Qwest; as an Escalations Manager/Analyst specializing in High Speed Internet, DSL/ADSL., Internet Security, and more. In addition I am an Open Networker, Top Linked, LION (worn with pride!), and accept all LinkedIn and FaceBook friend/join my network requests. In addition I reciprocate all Follows on Twitter. FaceBook: http://FaceBook.com/jschulmansr LinkedIn: http://LinkedIn.com/in/jschulmansr Twitter: http://Twitter.com/jschulmansr Friend Feed: http://friendfeed.com/jschulmansr I am also an avid Tweeter on Twitter and have the following Twitter Sites. http://Twitter.com/jschulmansr - Much like my Blog http://Twitter.com/DareSomething - Politics and Conservative/Libertarian Issues http://Twitter.com/TweetsTheCash - Internet and Affiliate Marketing I reside currently in the Savannah Area, Georgia, U.S.A. jschulmansr http://seekingalpha.com Conversation Between Traders Is the Bull Dead in GLD SLV http://seekingalpha.com/instablog/177987-jschulmansr/173789-conversation-between-traders-is-the-bull-dead-in-gld-slv?source=feed 173789 From a reader/ and fellow trader on late Friday afternoon 4-29-11

Jeff-  Something us up. I am closing half of my position here, and the rest if it starts coming down.  

My reply back on Monday morning 5-2-11

     Good move!- I had closed out 1/2 of my GLD and 1/3 my SLV options. Then- lucky me had stop limit orders in Gold, wasn't touched, and Silver which didnt get filled due to such a large drop and blew past my limit price... The one time I use Stop Limit instead of Stop orders ... Who would have thought they would finally get Bin Laden!?!

     Anyways, I am currently watching the Precious Metals market come back up. FYI... I am glad SLV cooling a little; current Gold/Silver ratio 34.5-1 so they (GLD, SLV), should hand step together back up and test some more new nominal highs. The downward spike in SLV stopped and did not break out of the accelerated up trend channel and did not come near actual bottom line/boundary of main up trend channel.

     So I still have half 1/2my GLD and 2/3 my SLV options. I am seriously thinking about adding more May Calls. My targets still remain unchanged $155-$160 GLD, and $50-$55 SLV; before the big downward correction. Then approx 30-35% retracement before launching on next upward leg which will eventually see $2000-$2500 Gold, and $75- $100 Silver.  I do believe in my heart that we will actually set not nominal but real time all time highs for Gold and Silver even adjusted for inflation.

Next area to worry is when S&P hits the upper level or channel line next time, then think will see reverse in US Dollar, S&P major correction (to agree with old saying sell in May and go away). And Yes- some big corrections in GLD, SLV during the UUP or US Dollar recovery/rally. Other indicators will be the failure of the Euro between $1.50 - $1.60 level. Then will be time to place big shorts in Euro, S&P, GLD, SLV, and USO; while Long US Dollar. I will let you know when about to happen and that is my current take for now on the Bull Market in Gold and Silver.

Good Luck for Both of Us and Even Better Investing!

Jeff

 

]]> Mon, 02 May 2011 11:35:08 -0400 From a reader/ and fellow trader on late Friday afternoon 4-29-11

Jeff-  Something us up. I am closing half of my position here, and the rest if it starts coming down.  

My reply back on Monday morning 5-2-11

     Good move!- I had closed out 1/2 of my GLD and 1/3 my SLV options. Then- lucky me had stop limit orders in Gold, wasn't touched, and Silver which didnt get filled due to such a large drop and blew past my limit price... The one time I use Stop Limit instead of Stop orders ... Who would have thought they would finally get Bin Laden!?!

     Anyways, I am currently watching the Precious Metals market come back up. FYI... I am glad SLV cooling a little; current Gold/Silver ratio 34.5-1 so they (GLD, SLV), should hand step together back up and test some more new nominal highs. The downward spike in SLV stopped and did not break out of the accelerated up trend channel and did not come near actual bottom line/boundary of main up trend channel.

     So I still have half 1/2my GLD and 2/3 my SLV options. I am seriously thinking about adding more May Calls. My targets still remain unchanged $155-$160 GLD, and $50-$55 SLV; before the big downward correction. Then approx 30-35% retracement before launching on next upward leg which will eventually see $2000-$2500 Gold, and $75- $100 Silver.  I do believe in my heart that we will actually set not nominal but real time all time highs for Gold and Silver even adjusted for inflation.

Next area to worry is when S&P hits the upper level or channel line next time, then think will see reverse in US Dollar, S&P major correction (to agree with old saying sell in May and go away). And Yes- some big corrections in GLD, SLV during the UUP or US Dollar recovery/rally. Other indicators will be the failure of the Euro between $1.50 - $1.60 level. Then will be time to place big shorts in Euro, S&P, GLD, SLV, and USO; while Long US Dollar. I will let you know when about to happen and that is my current take for now on the Bull Market in Gold and Silver.

Good Luck for Both of Us and Even Better Investing!

Jeff

 

]]> gld slv spy uso Gold Silver Precious Metals Markets Bin Laden Bull Market Gold and Silver GLD, SLV Is the Bull Exhausted Yet? http://seekingalpha.com/instablog/177987-jschulmansr/98897-gld-slv-is-the-bull-exhausted-yet?source=feed 98897
     The recently released report of the causes of the "Flash Crash"  showed that derivatives actuallly was one of the major causes of the crash. Well guess what? Right before the collapse of Lehman, and the ensuing crash and crisis; banks were holding all time record levels of derivatives. Currently once again, banks are holding all time record high levels of derivatives!

     So today's rally can be totally attributed to Japan's central bank. The Japanese Central Bank while slashing interest rates to basically 0%, also announced that they would be buying Japanese assets (Bonds, Reits, Mortgages, Equities), thereby fueling speculation that the Fed would do the same thru QE2 here in the United States.

     However, I think it's about time for a correction in the GLD, SLV, FXE, SPY, UUP.
Looking at the charts this has all of the appearance of an exhaustion gap. Not that I don't think that we have a real shot a $1500 Spot Gold by the end of this year.

     So even though I was stopped out of my GLD puts this morning I am seriously thinking about jumping back in and buying more GLD and SLV puts. I will let youknow on stock talks when I do.

     That being said, I don't think the correction for GLD and SLV will be more than 5-7% before resuming their march to $1500 (Gold) and $25 (Silver). Another note: I expect Silver to perform even better than Gold. The gold/silver ratio is approximately 60/1, if we see a return to what used to be the norm of 30/1 gold/silver ratio; then Silver could potentially run as high as $35-$50/oz. 

     Finally, as they do another quantitative easing (QE2) here in the US (currently not official QE), this continues to put pressure on Europe and Japan to devalue their currencies  and keep the printing presses running. Long term this is going to create a very hyper inflationary climate long term. So being the Gold and Precious Metals PermaBull that I am, I think that you should be buying and stockpiling (bullion, rounds,  coins; as much as you can get; to lock in the value of your money now. Events are truly starting to line up and set the stage for a potential worldwide collapse and depression.


Disclosure: Long SLV $21 Oct puts, Long GLD $130 Oct puts, Long UUP $22 Calls, ]]> Tue, 05 Oct 2010 13:47:51 -0400
     The recently released report of the causes of the "Flash Crash"  showed that derivatives actuallly was one of the major causes of the crash. Well guess what? Right before the collapse of Lehman, and the ensuing crash and crisis; banks were holding all time record levels of derivatives. Currently once again, banks are holding all time record high levels of derivatives!

     So today's rally can be totally attributed to Japan's central bank. The Japanese Central Bank while slashing interest rates to basically 0%, also announced that they would be buying Japanese assets (Bonds, Reits, Mortgages, Equities), thereby fueling speculation that the Fed would do the same thru QE2 here in the United States.

     However, I think it's about time for a correction in the GLD, SLV, FXE, SPY, UUP.
Looking at the charts this has all of the appearance of an exhaustion gap. Not that I don't think that we have a real shot a $1500 Spot Gold by the end of this year.

     So even though I was stopped out of my GLD puts this morning I am seriously thinking about jumping back in and buying more GLD and SLV puts. I will let youknow on stock talks when I do.

     That being said, I don't think the correction for GLD and SLV will be more than 5-7% before resuming their march to $1500 (Gold) and $25 (Silver). Another note: I expect Silver to perform even better than Gold. The gold/silver ratio is approximately 60/1, if we see a return to what used to be the norm of 30/1 gold/silver ratio; then Silver could potentially run as high as $35-$50/oz. 

     Finally, as they do another quantitative easing (QE2) here in the US (currently not official QE), this continues to put pressure on Europe and Japan to devalue their currencies  and keep the printing presses running. Long term this is going to create a very hyper inflationary climate long term. So being the Gold and Precious Metals PermaBull that I am, I think that you should be buying and stockpiling (bullion, rounds,  coins; as much as you can get; to lock in the value of your money now. Events are truly starting to line up and set the stage for a potential worldwide collapse and depression.


Disclosure: Long SLV $21 Oct puts, Long GLD $130 Oct puts, Long UUP $22 Calls, ]]> gld fxe spy slv uup Gold Silver Precious Metals QE2 Hyper-Inflation Currencies GLD and SLV - Time for profits? http://seekingalpha.com/instablog/177987-jschulmansr/97724-gld-and-slv-time-for-profits?source=feed 97724
My price targets for GLD for the short run $126.11, $124.16 and maybe, just maybe down to the 50 day MA approximately $120.50. For SLV my price targets are $20.73, $20.02 and maybe down to 50 day MA at $18.88. This down retracement will be very short lived and traders must be prepared to turn on a dime so to speak.

I have bought SLV Oct $21.00 puts @ .35 cents per and GLD Oct $125 puts @.69 cents per. STOPs are as Follows for GLD put stop @ $128.50 and for SLV put stop @ $23.35.






Disclosure: Long GLD Oct $125 puts and Long SLV Oct $21.00 puts

Disclosure: Long GLD Oct $125 Puts and Long SLV Oct $21.00 Puts]]> Thu, 30 Sep 2010 13:41:29 -0400
My price targets for GLD for the short run $126.11, $124.16 and maybe, just maybe down to the 50 day MA approximately $120.50. For SLV my price targets are $20.73, $20.02 and maybe down to 50 day MA at $18.88. This down retracement will be very short lived and traders must be prepared to turn on a dime so to speak.

I have bought SLV Oct $21.00 puts @ .35 cents per and GLD Oct $125 puts @.69 cents per. STOPs are as Follows for GLD put stop @ $128.50 and for SLV put stop @ $23.35.






Disclosure: Long GLD Oct $125 puts and Long SLV Oct $21.00 puts

Disclosure: Long GLD Oct $125 Puts and Long SLV Oct $21.00 Puts]]> gld slv GLD SLV Gold Silver Precious Metals China Euro US Dollar GLD - Get a Neck Brace! http://seekingalpha.com/instablog/177987-jschulmansr/97048-gld-get-a-neck-brace?source=feed 97048
However do you feel it? Traders are in reaction mode currently, whether in the SPY or the treasuries, gold or oil, investors are paralyzed with fear. Fear of losing so they are not taking on much risk as evidenced by the absolute lack of trading volume recently.

For Gold and precious metals fear is good, so the question for today what news item will happen either to calm the fear and have the GLD selloff some, or incite greater fear and the rally continue. My suggestion get a neckbrace, strap in, get ready for the ride f your life!

For GLD support levels will be at  the approximate 3,8, and 13 day EMA's being around $127.56 3day, $126.40 8day, $125.70 13day. I am moving my stop up to $126.33 GLD equivalent on our $125 Oct GLD calls. Once again watch the 3 and 8 day EMA. A significant break would signal a short term top in place for GLD. I will let you know when I take profits on our GLD calls.




Disclosure: Long GLD Oct $125 calls]]> Wed, 29 Sep 2010 10:45:05 -0400
However do you feel it? Traders are in reaction mode currently, whether in the SPY or the treasuries, gold or oil, investors are paralyzed with fear. Fear of losing so they are not taking on much risk as evidenced by the absolute lack of trading volume recently.

For Gold and precious metals fear is good, so the question for today what news item will happen either to calm the fear and have the GLD selloff some, or incite greater fear and the rally continue. My suggestion get a neckbrace, strap in, get ready for the ride f your life!

For GLD support levels will be at  the approximate 3,8, and 13 day EMA's being around $127.56 3day, $126.40 8day, $125.70 13day. I am moving my stop up to $126.33 GLD equivalent on our $125 Oct GLD calls. Once again watch the 3 and 8 day EMA. A significant break would signal a short term top in place for GLD. I will let you know when I take profits on our GLD calls.




Disclosure: Long GLD Oct $125 calls]]> gld Precious Metals Gold Inflation Deflation Fear GLD - are you nervous yet? http://seekingalpha.com/instablog/177987-jschulmansr/96371-gld-are-you-nervous-yet?source=feed 96371

Disclosure: Long Oct $125 calls]]> Mon, 27 Sep 2010 10:38:14 -0400

Disclosure: Long Oct $125 calls]]> gld GLD Gold Rally GOLD Will we close above $1300? http://seekingalpha.com/instablog/177987-jschulmansr/95876-gold-will-we-close-above-1300?source=feed 95876
Now for GLD - we are in great profits on our latest trade made just minutes after the FED interest rates announcement. We bought GLD Oct $125 calls @ $1.73 per option and as I am writing they are trading @ $2.92 per option. I have moved my stops up to $125.79 GLD equivalent.

Today I think we have a really good chance to see spot gold close over $1300 today with GLD closing somewhere above $127.00. I'll be monitoring closely and will let you know if I change stops or decide to take profits.


Disclosure: Long Oct $125 GLD calls]]> Fri, 24 Sep 2010 10:22:01 -0400
Now for GLD - we are in great profits on our latest trade made just minutes after the FED interest rates announcement. We bought GLD Oct $125 calls @ $1.73 per option and as I am writing they are trading @ $2.92 per option. I have moved my stops up to $125.79 GLD equivalent.

Today I think we have a really good chance to see spot gold close over $1300 today with GLD closing somewhere above $127.00. I'll be monitoring closely and will let you know if I change stops or decide to take profits.


Disclosure: Long Oct $125 GLD calls]]> gld Gold Spot Gold Price GLD