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Overseas trading 5/2

akuracy503akuracy503 Posts: 1,923 ✭✭✭
in Precious Metals
Critical night with overseas, will they pick us up?

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Comments

  • OPAOPA Posts: 17,119 ✭✭✭✭✭
    Don't know ... I threw my crystal ball away, but corrections normally take more than a 2 day period to run their course.
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • roadrunnerroadrunner Posts: 28,303 ✭✭✭✭✭
    Judging by the volume of SLV shares traded last week (massive volume spike vs the SPY last Monday), that's all a reasonable sign that there is a little more
    depth and time in this correction than in the others seen since August. Having London markets open again for the first time since Thursday could help. All the
    damage on Friday and Monday was when markets were weakly attended. Don't get the Asian markets back to strength for a few more days as they are holiday
    rountine as well. Still, it was a pretty good whack today. The banksters succeeded in covering a lot of their silver shorts. They may still get a few more before
    final delivery notices come in. For all intensive purposes silver peaked last Monday and has been correcting ever since. The silver miners peaked 3 weeks ago
    and were leading the way down. SLV left a nice gap today sitting up there at an equivalent to $48 silver. Would not be unusal to quickly fill that gap this week.

    roadrunner
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
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