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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (19960)	7/21/2016 9:10:15 AM
From: Goose94	Read Replies (1) of 203613

Silver: Our fall from ~$21 and into yesterday's decline is pretty typical silver behavior - a normal bull market correction (with help from the PTB, of course), given the sort of rise silver has made in 2016, and given the move since Brexit. I think the correction is over. I didn't think we'd get this low. As we were pounded lower, early this week, ignominiously tossed out of the $20s, $19.20 was what ...I identified as the level that would likely trigger dip buyers and they indeed showed up. The decline in precious metals mining company shares was big enough yesterday that it indicates a small percentage of the speculators that have been in the shares all these weeks and months just bailed - and they're scared. Good. This is healthy. In particular, when JNUG barfs down 22% in a single day, that's showing you what the hotshot speculator community is doing. Some of those bailing are just taking nice profits and are already exposed heavily, so that's just 'risk management,' as we say in the biz. But we don't get a 22% JUNG downdraft in a single day without also having a fair number of dumb money speculators dumping their positions too. Eric Dubin

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