http://www.gotgoldre...ly-18.html#more
This guy is really good.
The 30-Minute tick chart gives an idea of the sell volume below. To give a sense of how much horsepower was being thrust at the COMEX market, 30,000 contracts for SI silver futures (the largest 30-minute spike in volume showing on Tuesday - apparently an attempt to annihilate those long silver) ... is equivalent to 150 million ounces, or about $3.1 billion USD.
When silver is being sold by someone at $104.5 million dollars per minute for thirty minutes, and it fetches up at known upper support (the bottom of the green box, actually slightly above it), not even making it to a 38.2% retrace, it's time to raise an eyebrow isn't it?
20140718 SILVER 30 Min Tick
Our view on silver, for what it's worth, has not changed based on these data. Silver traded this week as strong as an acre of wild garlic.
"Short silver at one's peril."
another good article
Started by
tradesurfer
, Jul 18 2014 11:54 PM
1 reply to this topic