Bit hard to keep track of the 'whole dollar' threads - new one every 24hrs. Perhaps it's time for a 'KABOOM' thread?
It's not playing around at the dollar boundaries. It just jumps through them by 10 or 20 cents in one hit. Very impressive. If you believe the bears, then we can reuse them all on the way back down
LOL - I feel sorry for Prechter. He's been calling for silver to go down for the last 6 months. ROFL I_D_I_O_T
It's still possible. Not sure the market manipulators are completely out of bullets yet. The overall trend is obvious, but dips and spikes are par for the course with silver.
Can anyone provide an explanation for the last week or so? Is it the Mid East? End of manipulation? Big buyers trying to bust COMEX? The AUD has remained mostly stable vs USD...
I would say the same group looking to make some quick dollars like in December. This is the last week before options expiry, standing for delivery now and forcing the comex to settle in cash with a premium is the likely driver. Slam
What do the paper owners do? they cant be buying more. They need to dump the papers... Thats what id be doing.