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Strategies & Market Trends : The Aristocrats (tm)

NNVC 1.237

-1.8%

3:59 PM EST

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From: sense	2/8/2022 10:47:08 AM
	of 5695

GPL and Silver Seeing patterns in the "price chart"... vs seeing "patterns in the trade"... GPL had its end of day / morning beat down... a new pattern in the trade that's been there since 1 Feb... first chart... I'd call that "testing" the trade on Feb 1 and 2... it shows as a scalloped trade higher... followed by a big red candle lower in a "reset". Note how it plays out on the chart as a contest between OBV and ADL... or between accumulation and the NVI ? The NVI / OBV shows smart money is acquiring... someone is "running a trade"... and that trade creates the new chart patterns you see... which are growing day to day from 1 Feb. And, silver spiking today suddenly has made it a bigger contest... volumes in the trade are ramping up... Interesting to note it in context of silver's chart today... second chart, below... which is all still well within "the channel"... but, sort of kills the narrative that silver is bumping bottoms and getting ready to collapse...

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