an interesting strange thing happened during today's early Asian session. silver futures dropped massively by 9%. Then went up 9%. all these happened within half an hour. hedge fund managers again? Reddit users again? or some fat finger?
Support. Damn near close to stopping me out. Stop hunting would be my guess. The structure remains constructive though it’s testing our mettle. Back above the 20dma.
such a spike happens once a while. It could be caused by manipulators, some fat finger, or some stupid programmers or whatever.
I view long tails on higher lows, part of an accumulation structure, and not a mistake. High volume on the tail bar tells me there was lots of buying, and it was seen a chance to accumulate. That just how I do it though.
slv 23's already been revisited. ...but I'd sure welcome a big fat hammer at support on the 50, (may I have another?) lol. https://www.stockcharts.com/h-sc/ui?s=SLV https://elitetrader.com/et/threads/...at-right-here-baby.343012/page-7#post-5327753
We had fractional reserve banking even before we had a Fed, so FR banking does not automatically equate to "Fed managed." Also, the constantly rising prices is unique to the post WW2 economy. Prior to then, the economy cycled between periods of inflation and deflation; yes, even under the classical gold standard we had periods of relatively high inflation and a fractional reserve banking system. I don't think we have really eliminated deflation. I think we have postponed it and one day we'll get hit by a really huge bout of deflation that will wipe out decades of inflation (unless we do a Venezuela/Zimbabwe and resort to true money printing). Ever since the Great Depression we have said that deflation is intolerable, but it is really just a feature of the system, not a malfunction.