Looks more like silver was subject stops being triggered of
speculative longs players who were all running for the exit doors
(or forced). That normally results in large volume spikes.
All these conspiracy theories don't get us anywhere.
Just focus on price action and patterns when trading silver (and
everything else) and all will be fine
bgold, you must be joking. Of course stops got triggered but
first you have to move silver down to a level where those stops
are. And this definately was a concerted action of the bankster. I
suppose that the risk of buying panic in silver (after it broke
downtrendline) and gold (just shy of resistance 1800) was much too
high on a day Bernanke speaks. This could have resulted in a very
big move up!!!! Because you don't know the reaction of the market
on a Fed day, they decided to act and force silver and gold
down.
It will be intersting to see how this will go on, I liked Matt's
version of an a-b-c- down for a wave 2.
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silver
How they crushed silver yesterday
Posted by bgold on 1st of Mar 2012 at 08:05 am
Looks more like silver was subject stops being triggered of speculative longs players who were all running for the exit doors (or forced). That normally results in large volume spikes. All these conspiracy theories don't get us anywhere.
Just focus on price action and patterns when trading silver (and everything else) and all will be fine
bgold, you must be joking.
Posted by zwyss on 1st of Mar 2012 at 08:29 am
bgold, you must be joking. Of course stops got triggered but first you have to move silver down to a level where those stops are. And this definately was a concerted action of the bankster. I suppose that the risk of buying panic in silver (after it broke downtrendline) and gold (just shy of resistance 1800) was much too high on a day Bernanke speaks. This could have resulted in a very big move up!!!! Because you don't know the reaction of the market on a Fed day, they decided to act and force silver and gold down.
It will be intersting to see how this will go on, I liked Matt's version of an a-b-c- down for a wave 2.