"When misguided public opinion honors what is despicable and despises what is honorable, punishes virtue and rewards vice, encourages what is harmful and discourages what is useful, applauds falsehood and smothers truth under indifference or insult, a nation turns its back on progress and can be restored only by the terrible lessons of catastrophe." … Frederic Bastiat

Evil talks about tolerance only when it’s weak. When it gains the upper hand, its vanity always requires the destruction of the good and the innocent, because the example of good and innocent lives is an ongoing witness against it. So it always has been. So it always will be. And America has no special immunity to becoming an enemy of its own founding beliefs about human freedom, human dignity, the limited power of the state, and the sovereignty of God. – Archbishop Chaput

Trader Dan's free work will soon be available at www.traderdan.biz

Tuesday, March 15, 2011

Silver also hit by Hedge Fund money flows

Volume is enormous indicating the extent of the blind panic like selling. It is reminiscent of 2008 when hedge fund algorithms threw everything including the kitchen sink away.

I suspect those who were proclaiming the end of QE will be a lot quieter for a while.


  1. Thanks for your updates.

    Having not used margin, I am OK with my positions.

  2. Nice bounce and return after posting the low. I am just bothered by the huge volume we have whenever the price takes a down turn.

  3. Thanks for your charts, Dan. They're much appreciated.

  4. Dan-

    your charts and succinct analysis are a boon to the metals trading community- Thanks


Note: Only a member of this blog may post a comment.