I admire your plucky gold and silver long trades opened just below the downtrend line from the 2011 high and your recently increasing those positions as the knife dropped....with the higher than 2011 "Spec" interest screaming alarm signals to stale PM Bulls! Do you have a "stop" in mind when you open your trades? This from Sharps Pixley website today 

Eoin Treacy's view

Thank you for your email and the attached article. Plucky is one description but at today’s price I think masochistic is another apt term. Yes I have a stop in mind and that has not yet been reached. I’m reluctant to talk about specific levels for obvious reasons but I do not have a limit order in the market. 

If we are totally objective then is it possible for prices to overshoot the trend mean? Absolutely, but the important point is that if they do overshoot they need to bounce pretty quickly afterwards if we are to have any evidence of demand returning to dominance in the region of a potential area of support.

There is still a great deal of debt trading on negative rates. I’m rather amazed that the ECB is talking about tapering when there is little to no prospect that economic growth is going to surprise on the upside when so much political turmoil is to be expected in 2017. Meanwhile the Chinese will be back at their desks on Monday. None of that matters a whit if precious metals cannot stage an upward dynamic to at least check the short-term deep oversold condition. Rather than being brave or plucky the smart thing would have been to wait for at least some evidence of a bounce.