you know it BO.
>>4354330 lb
agree but don't bank the horse yet. This has been the most manipulated market, along with Au, for decades. The amounts thrown at this, over time, are staggering. Most on the sell-side.
The Hunt Bro's learned the hard way that you should not take a physical position (Au) and hedge it with paper from the COMEX.
COMEX changed the margin requirements when the price rose too far, too fast.
They were wiped out because they could not come up with the cash to satisfy the increased amounts to carry the paper (hedge).
More on that here.
https://priceonomics.com/how-the-hunt-brothers-cornered-the-silver-market/
And then the whole bullshit with JPM and William Daley (chicago politics again!) tied to slamming the metals market at precisely the same time as OBL was 'caught'. Add in the Hussein birth certificate fight that was reaching a peak at the same time and…well fuck me.
both
toughen them up
Everyone here down now. Bigger volume
The resistance of the current range is higher up around 1280 or so.
Mention this since there is quite a battle, chart-wise, to keep this capped at around 1250.
a77327 (1)
someone else do it…can't stop laughing.
they put up with a lot so here, here!