who the heck is controlling the order flow today and tonight in gold and silver ? its like they can whip it around wherever they want both in the daytime and at night sure makes it easy to make or lose alot of dinero
this is just plain stupid ... who the heck would trade a market that whips around like a slinky or superball in a 4X4 come on now ... SI and ZI trading 1386 then down to 1373 then up to 1380 or even 1382 etc then down to 1368 or 1371 or somewhere in between then up again then down again and the silver market is only open in Asian trade for a few hours now if I want a whippy market I can trade CL or NG sheesh or EUR after a big economic number
What do you mean by that? How many contracts to a lot? What made the price jump around so much? The spiking up and down was only in silver--for at least a few hours the volume in SI outstripped that of GC, whereas ususally it's the other way around.
I think he means contracts (lots ) I once saw this in gold futures overnight gold ( on ECBOT ) whipped up and down $2.00 a clip for a few minutes ... sure made me scared as to what the blazes was happening ... if it was an attempt to frighten me or liquidate my positions I guess I will never know
Whats ur view on silver Seth ? Did you see Dennis Gartman issued a buy note on silver a few days back he has a good following in the fund community and i think his call is part of the strength at the moment I think silver should trade back to 13.30 in the coming week or two