$$ Follow T Theory Foundation on LinkedIn

For those of you on LinkedIn, you can now follow T Theory Foundation, Inc.   All of the details about the upcoming September 17 investment seminar on Nantucket can be found on the Services link. 

$$ T Theory VO for Week of April 25-29

Last week's Volume Oscillator for reference

4/18 = -44
4/19 = -21
4/20 = 7
4/21 = 17


This week's VO
4/25 = 6
4/26 = 23
4/27 = 35
4/28 = 40
4/29 =

This post will be updated nightly throughout the week, so check back periodically for new information.

$$ Where do they come from?

There's an expression at the poker table among the grinders when someone sits down and proceeds to lose a bunch of money with poor play.  The expression?  "Where do they come from?"

Today, 188 million shares of SLV were sold.  Which by definition means 188 million shares of SLV were bought.  Today's volume was a record for SLV, and dwarfs GLD's biggest volume day (79 million shares on December 4, 2009).

Bear in mind, SLV's daily RSI is at 88, and the MACD is at an all-time high.  Silver is more than 80% above its 50-week moving average, a record for the bull market in metals that started in 2001.  Silver has closed higher for 8 days in a row.

These tell-tale signs are not hidden.  Everyone with two eyes can see them, including today's SLV buyers.   Today's action was classic distribution. Which leads me to ask:  

"Where do they come from?"

I guess there's no fever like Silver fever.  I don't know about you, but at some point soon there will be an excellent opportunity to take the opposite side of the trade from today's new silver bulls.

$$ Sunday Update Posted

Please see TTheory.com for this weekend's update.  I discuss prior gold and silver tops, and Terry examines my chart showing the 70-week moving average as strong support for the S&P.

$$ T Theory VO for Week of April 18-21

Last week's Volume Oscillator for reference

4/11 = -9
4/12 = -26
4/13 = -26
4/14 = -23
4/15 = -6


This week's VO
4/18 = -44
4/19 = -21
4/20 = 7
4/21 = 17

This post will be updated nightly throughout the week, so check back periodically for new information.

$$ T Theory VO for Week of April 11-15

Last week's Volume Oscillator for reference

4/4 = 39
4/5 = 40
4/6 = 44
4/7 = 30
4/8 = 8



This week's VO
4/11 = -9
4/12 = -26
4/13 = -26
4/14 = -23
4/15 = -6

This post will be updated nightly throughout the week, so check back periodically for new information.

$$ Weekend Update Posted at TTheory.com

Terry Laundry has posted my weekend update at TTheory.com.  This week, I take a look at gold.  Should you have any questions or comments, please feel free to post them here. 

$$ DGP Quadruple Top Breakout

DGP, one of the double gold ETFs, had a quadruple top breakout yesterday.  It currently trades at ~$44, and the new P&F price target is $59.  It could reach that level by the projected May-June top in gold.

$$ T Theory VO for Week of April 4-8

Last week's Volume Oscillator for reference

3/28 = 12
3/29 = 25
3/30 = 44
3/31 = 28
4/1 = 45



This week's VO
4/4 = 39
4/5 = 40
4/6 = 44
4/7 = 30
4/8 = 8

This post will be updated nightly throughout the week, so check back periodically for new information.

$$ Update on Gold

Gold broke to new all time highs today, and GDX broke out of a symmetrical triangle consolidation pattern.

We are off the races.  ~$1600 gold by June IMO.  GDX to ~74+.