screenshot SILVER 1 min chart RECORD

Discussion in 'Commodity Futures' started by OTCkrak, Apr 25, 2011.

  1. [​IMG]
  2. Huge bids up there at 49.6+ after that gigantic spike has "give up" written all over it.

    This spike has to have taken out a lot of the remaining shorts.

    Then again who knows. All the silver bulls say that this has been held down for too long by manipulation and that silver should be a zillion dollars.
  3. Offering 5 @ 50 who wants em?
  4. Silver went years were the trading range was less than $4
  5. Guy Adami has been calling for a move of 4-6 bucks in one day for a couple weeks now, props to him .
  6. its just another day of proof why mean reversion and relative value strategies work.

    a phd at hedge fund will get a $300k salary for doing this