This Friday looked like being a downward slide early in trading but low and behold a sharp upturn// Wall St profit taking computers are at it again! 27.41 Regards Errol 43
Up! Down! up! down..down... Ah ye cannne beat them computers . 27.22.. enough profit for tonight I say! Regards Errol 43
Having just had a quick gaze at the recent Friday closes it's a mixed bag actually. I also think the last 6 Fridays have seen the general markets up which the metals usually trade with. Pull out the Options-ex windows that fall around there and it's probably silver rises every Friday like clockwork
Just had a bounce off $28.33 back to $27.60ish for a consolidation and then back to break $28.33 and then on to $30
Please nooooooo TG! It can do what it likes after mid September and the snakes are in the bag! If they jack the premiums up anyway like the dragons and silver has already put in it's low I really will be a broken man! I knew I should have just gone with 2011 pandas I saw silly cheap when spot was at $26 and change and been done with it. I could have been eating pop corn and sipping something exotic by now just sat back and watching the show! Should be along soon, the can that is now a boulder should soon be an asteroid
The good Captain Turk has a fine analysis here http://forums.silverstackers.com/to...am-overnight-spot-watchers-spot-page-191.html Top of the morning to you Crew! Another week of very fine sailing by all concerned! Well, the spot price management in recent days is something we've all seen before and it generally precedes a strong price hit (not that we've risen too high yet but the lads are a bit obsessive and repetitive in that way.) If you just 'glanced' at the price chart during the New York Open trading period over the past three days you will have seen some 'healthy gains'. Yet overall the price didn't really go anywhere because those gains were all lost during the New York 'night' or during Asian trading. Normally it's the other way around; we gain during Asian training then lose it all quickly just as New York opens. (In fact there are some charts around that show if you simply sold silver at the NY open and bought it again at the close you would make a huge profit.) I conclude that this 'reversal' of normal manipulation is probably designed to 'train' a new bunch of wannabe silver traders who happen to see the daily 'rise' and conclude that the silver horse is something that anyone can ride a bit like My Little Pony. It's not until they've been in the saddle for a few happy days that they suddenly smell the scorching and wake up to discover that they are actually bareback riding The Flaming Stallion!Now, normally I'd expect the take down to happen tonight (Friday night) but sometimes these pseudo-rallies are allowed to run until the Monday or Tuesday of the following week so let's sit back and wait for the smoke and fireworks! We can all sing the Bullion song while we watch the lads burn! SNIP
Maybe a small one but looks like the only way left to go overall is up! That will be a relief for everyone.
