I will get more info posted on this as it becomes available from the CME Group. As mentioned in the brief piece I posted last evening, volume on the collapse in price was extremely light. There was an air pocket underneath the market but once price fell towards that major support zone near the $20 level, it rebounded quite ferociously. Further aiding the buying off the lows is the fact that Copper is proving to be quite resilient.
Dan -
ReplyDeleteIs there a point where Silver canl diverge from Copper on the upside - or are they always linked together with inflation?
Hi Dan,
ReplyDeleteI wonder if this is at all related to the fall of the HKMex (now seems to be substantiated now as it is in FT)?
http://blogs.ft.com/beyond-brics/2013/05/20/1324952/#axzz2TqmEg8AF
I am happy as a flea to have physical on me
old crop corn and beans key reversals today so far; they have been trading opposite the pm's for a long time and ignoring $ strength; i think farmers are gonna take a real drubbing not dumping at these loftly levels; average weather and you are at $4 corn, $9 beans, as hedgies finally give up the ghost on a repeat weather deal; silver bottomed today i think, and the same on plat and gold; no opinion copper
ReplyDeleteRumored margin unwind on Yen strength off comments by Japanese official. Right now silver is up 2.7% .. a 15% move since last night.
ReplyDeleteJuly 4, 2013. Everyone at midnight lets all take our 12 guage shotguns and blow em off promptly at midnight. No not up so that they can hurt anyone but straight into the ground towards hell the government and central bankers are taking us. All at once. Let them HEAR the power of 300Million plus weapons discharged at one time towards the US Government, their banking cartels, their Federal Reserve, their lying targeting IRS agents. I think if they hear the sound of 300 Million plus discharges they will understand that we have had enough. Who is in? Lets let them know how worthless their Natl Guard,State Police, would be against 300 plus Million weapons discharged at one time. Here Here for LIberty. I am not recommending anyone hurt anyone, just a protest against gun legislation, IRS bullying, lying politicians, and the whole bs MSM. Dan, I understand if you take me out as a member. I just cannot take this anymore. I am recommending a full out and out protest. No one gets hurt, just a warning. Because what I fear they will provoke is much worse than if they start telling the public, the low information voter, THE TRUTH. We need to do it NOW>
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