Silver - You have left out - that the new contracts were only put on COMEX when Shanghai was closed and London winding up. That these contacts were vast. That the automatic circuit breaker that is supposed to kick in any 10% variance in an hour was taken off the COMEX. That JP Morgan off loaded a huge silver short position almost exactly at the bottom of the price for that day. Draw your own conclusions... That said recent gains in AU & AG had probably gotten ahead of themselves and a more steady market is more healthy and fundaments have not change since last Thursday..
Someone else labelled it as an orchestrated grind down to allow some trades tocbe cleared. Selling at just enough pace to avoid trading halts but applied over several hours. Notably JP Morgan settled a load of trades at 78usd.... And hey presto gold and silver bounced right back within 3 days. But nobody will be held to account for this market price manipulation
Silver - You have left out - that the new contracts were only put on COMEX when Shanghai was closed and London winding up. That these contacts were vast. That the automatic circuit breaker that is supposed to kick in any 10% variance in an hour was taken off the COMEX. That JP Morgan off loaded a huge silver short position almost exactly at the bottom of the price for that day. Draw your own conclusions... That said recent gains in AU & AG had probably gotten ahead of themselves and a more steady market is more healthy and fundaments have not change since last Thursday..
Someone else labelled it as an orchestrated grind down to allow some trades tocbe cleared. Selling at just enough pace to avoid trading halts but applied over several hours. Notably JP Morgan settled a load of trades at 78usd.... And hey presto gold and silver bounced right back within 3 days. But nobody will be held to account for this market price manipulation
bruce good input. what ended paraboic was Trump endorcing a weak dollar which gave anyone in word who hd not gotten in t make a top...
silver had made a top...and was ready to drop.
big margin caused rout...just more sellers than buyers...
I didnt get your point...tom h.
u do great work