gnik1
Active Member
yes have the same feeling. It's like watching a horror movie you know that something bad about to happen just don't know what or when.
Midnight to 6am - Overnight Spot Watchers Spot...
- Thread starter Turk
- Start date
Looks like she blew past the 100 marker to 117.7usd (169.5 aud) before retracement.
Gold dipped but looks to have bounced before $5000 marker was reached also, after hitting $5100.
That "kind of" closes the gap on Shanghai price if only for a moment also.
Does that mean that local markets "ran out" and had to rely on chinas restricted export market for a moment?
Or does it mean whales bid the price up to that specific level as thats where such selling out from china would be possible, before getting their shorts in?
Either way, new rule is: Spikes in the west cant exceed the Shanghai price without repercussion.
And china may be getting in on the short game to suppress prices in the west.
Why?
To buy low, import the physical, and aid preventing exports as "not profitable"?
Who knows...
Gold dipped but looks to have bounced before $5000 marker was reached also, after hitting $5100.
The move since 100 usd represents a ~$1T change in Silvers market cap.
That "kind of" closes the gap on Shanghai price if only for a moment also.
Does that mean that local markets "ran out" and had to rely on chinas restricted export market for a moment?
Or does it mean whales bid the price up to that specific level as thats where such selling out from china would be possible, before getting their shorts in?
Either way, new rule is: Spikes in the west cant exceed the Shanghai price without repercussion.
And china may be getting in on the short game to suppress prices in the west.
Why?
To buy low, import the physical, and aid preventing exports as "not profitable"?
Who knows...
️
We are kicking the proverbial turtle shell down the road from here.
Hitting 117, im looking/hoping at a floor at the 108 level and trade in the upper band now. Next spike top being the level rising on through 124. Downward spike test of 100 possible. Probibly find 117 becomes the new flag top if it repeats prior patterns on continued rise.
On the "way down" if you hear a crack in the ships mast, feel free to look for the neon exit sign, it is located above the plank next to the "beware sharks" sign.
Also remember. Comex changed the rules to a percentage based game. They cant "raise margin requirements" like they used to.. but they CAN change the rules again so ill be listening out on news like that this week.
Generals gathered in their masses, just like witches....