SLV Margin up again today. The leverage is forcing this increase.
There are two black crows today, if tomorrow produces another, we can expect a quick attempt to run up to the high, probably on lower volume. This is a traders dream, or a mistake if you do not control risk.
Todays market did considerable damage to internals. Concerned that something more formidable is possible which is not evident to me at least. Suspect a much larger correction might be brewing.
Looks like bonds might be the trade of May.
Best, Islander.
Silver
Started by
Islander
, May 03 2011 03:21 PM
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