gosh ... the road to $10 sure has been frustrating for longs in silver I keep thinking the move is over ( for now ) and we are due for a correction in both silver and gold but it seems there are enough dip buyers to support the precious metals on any news funny how yrs ago news did not move the market like it does now ... but then again OIL was not over $60 either
Feb. 7 is the earliest the SEC can give approval to the ETF, so the short side will get less sleep........ metal equities were strong today, even though futures action was thin....... the short side had a great opportunity today to pound silver below stops, but it didn't happen....
With energy trading down, equities range-bound, and a greatly anticipated 30 year this week, dont you think gold/silver may be getting ready to tank? Even Iran is doing stuff in moderation. They could have picked a fight in Dec/Jan, not in mid-Feb with oil/ng supplies plentiful.
there were rumblings last week that Central Banks were ready to tank gold if it approached $600 the same way natural gas dropped due to "administrative action" by the boyz in DC imagine that......