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Strategies & Market Trends : Dino's Bar & Grill
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To: Goose94 who wrote (29581)5/11/2017 5:25:22 PM
From: Goose94Read Replies (1) of 203577
 
Silver: Two days ago was the bottom in silver. Sure doesn't feel that way, but it was. Miners are also responding and leading, as one would expect. We've got a lot of repair time ahead, but the draw on physical gold and silver has been strong all year despite distorted media coverage focused on Chinese jewelry sales.

The Comex selling, especially in silver, has been nothing short of a counter-intuitive freak show, not a market. We saw intense manipulation forming selling momentum and eventually, flushing of speculative longs by the bullion banks. But they can't do this to the point of creating giant pressures in the physical market outside of the Comex. Now that we're no longer near options expiration and expectations for a June Fed rate hike is fading slightly, it's no surprise we're finally seeing some footing under crashing silver.

Eric Dubin
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