Discussion in 'Metal Futures' started by OTCkrak, Apr 25, 2011.
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.
Offering 5 @ 50 who wants em?
Silver went years were the trading range was less than $4
Guy Adami has been calling for a move of 4-6 bucks in one day for a couple weeks now, props to him .
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
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