I've got the odd feeling that this "takedown" is orchestrated not just to help the shorts recover on the way down, but to try to make it NOT look like an orderly revaluation of silver is occurring, to not let the public know that this is what is occurring, unlike what had happened in the last 10 years, until it's too late for them.
First. I figured we would have to test $40 sooner or later. Don't freak out if it over shoots (that's typical). It's healthy.
ReplyDelete@SGS thanks for everything.
sure you didn't just nail the low?
ReplyDeletenot sure yet if $40 will be today, $US got legs
ReplyDeleteexpecting a takedown also, or at least I'll be surprised if one isn't attempted.
ReplyDeleteTakedown !
ReplyDeleteI've got the odd feeling that this "takedown" is orchestrated not just to help the shorts recover on the way down, but to try to make it NOT look like an orderly revaluation of silver is occurring, to not let the public know that this is what is occurring, unlike what had happened in the last 10 years, until it's too late for them.
ReplyDeleteSE
Less than 2 hours to CRIMEX close. Will see if the bidders hang in and hand our Blythe anothe reversal in the access market.
ReplyDeleteWow - so how much does $ does this type of takeodown cost?
ReplyDeleteIt's called "free money" from the FED.
ReplyDeleteThere's the overshoot of $40. This is actually a good thing. The short/mid-term uptrend is still in place.
ReplyDelete