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.

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4 comments:

  1. AnonymousMarch 15, 2011 at 7:54 AM

    Thanks for your updates.

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

    ReplyDelete
  2. RickRMarch 15, 2011 at 8:25 AM

    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.

    ReplyDelete
  3. MisterMarch 15, 2011 at 8:49 AM

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

    ReplyDelete
  4. RobertMarch 15, 2011 at 9:55 AM

    Dan-

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

    ReplyDelete

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