If we look at it, you're up $32 dollars for the week already. I mean, it's just a run to the upside. The markets are off to the up as you can see here. You have higher lows, higher highs, which is bullish in the market.
It's over the 18-day average; big support is now at the $2200 level in the marketplace, and the market did get over and has stayed over, Thursday today, and now going into Tuesday, it's three days in a row over the upper Bollinger Band and you are overbought...
The gold-silver ratio moving back up into the 80s right now. In fact, it's 89.15 the highest it's recently been here near the 91 level. So Gold's come back over the past 72 hours and has done very well for itself and the silver is caught in the sideways action...
About the author
LINN & Associates
Over the past 35-years Ira Epstein has developed a reputation for providing clients with easy to use technology and teaching good old fashioned trading know-how. A number of our brokers have over 30-years trading experience. No matter how technology changes the methods of entering orders, there's no replacement for having "been there and done that before". It's the blend of services that brings things together.
Be it education, market information or trading platforms, we provide solutions.
Ira began in the futures markets in 1969. Over the years he worked his way up, starting from the ground up as a "floor runner" culminating with his becoming a Floor Trader. In the mid 1970s Ira decided to make a career shift within the industry to develop both retail and commercial based clientele. His customer base grew to the point whereby in 1984 he founded "Ira Epstein & Company", a trading firm specializing in retail, commercial and self-directed discount futures trading. Along the way Ira became a leader in trading technology out of necessity, due to increased small lot trade volume. He was among the first to embrace the Internet, which as you know has dramatically changed both the way information is delivered and how trading takes place today.
One of the ways Ira, along with his brokers showcase their talents is through e-mails of market information and Ira's "Futures Videos", which can be viewed on our website, through Market Center, Linn-IraChart Software and on YouTube.