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another good article


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#1 tradesurfer

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Posted 18 July 2014 - 11:54 PM

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."

#2 gannman

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Posted 19 July 2014 - 01:15 AM

along that same vein look at the leading stocks in the hui. they are down very little on this pullback since july 10. that too is telling us something they dont want to go down.
feeling mellow with the yellow metal