I AM NOT COMPLAINING, it's just an observation & a few questions
piecesofme
Posts: 6,669 ✭✭✭
Trying to learn and take in other points of view. I PROMISE. Don't start in on me like a bit$h and I wont be one to you.
How many times does silver have to suffer a 1 day 5-6% drop back down to support of what appears to be $16-ish before it finally crashes thru and finds another support level? This is what, 3-4 times now in last few months? And WHY such a sharp fall every time in 1 day when it takes weeks to artificially inflate to $18-something?
It's not going up over $19. $19 might as well be $100, so I'm not even looking at it like that. More of a question for the charties I guess.
How many times does silver have to suffer a 1 day 5-6% drop back down to support of what appears to be $16-ish before it finally crashes thru and finds another support level? This is what, 3-4 times now in last few months? And WHY such a sharp fall every time in 1 day when it takes weeks to artificially inflate to $18-something?
It's not going up over $19. $19 might as well be $100, so I'm not even looking at it like that. More of a question for the charties I guess.
To forgive is to free a prisoner, and to discover that prisoner was you.
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Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
It's also just as true that the HFT algo's are quite aware of these support/resistance zones and will purposely break them to pick up as many stop losses as they can.....before they soon reverse the break and take out all the fresh positions that bought the head fake.
Hope springs eternal I suppose but after something has made its run, it settles into the old price trend. Any uptick just gives hope but we will see silver revert to its true usage value shortly. Ten bucks folks.
Now that makes alot of sense, I mean that seriously. makes perfect sense, so in this sense, there is tolerated and apparently lawful manipulation happening whenever big players want to make a new market. Is that it in laymans terms?
Anyway, Ag would need to fall to $15.00 for those tubes to become a reality. We've been close, maybe this spring?
Knowledge is the enemy of fear
I was selling , too.
Hard to find active traders throughout the decades.