Although gold and silver were both trading higher, the rallies were not strong enough to carry to the very bullish targets I’d given in that day’s touts. We therefore had a chance to analyze the two vehicles “in limbo,” as it were, and to attempt a March Silver trade in real time. The trade was stopped out, but it provided a useful learning experience nonetheless, since it was initiated not via a “camouflage” signal, but on a breakout buy-stop two ticks above a midpoint Hidden Pivot resistance. We also considered reasons why a strong rally in the E-Mini S&P that morning was sufficient to imply the stock market will remain strong into 2011.
