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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 387.98+1.3%Nov 28 4:00 PM EST

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To: TobagoJack who wrote (172004)5/19/2021 10:06:18 PM
From: sense  Read Replies (2) of 218083
 
After your note on SBSW.... running through lists looking at charts...

Began noting a repeated pattern... in "some" miners charts... checking it vs SPX, and there, too... sort of...

Obviously, a down day for the SPX. But, right at 2PM EST... like a lot of the other charts... it got a big bite taken out of it. The SPX fought back... but still got whipsawwed up and down into the close. I watched that as it happened... along with the rougly equal and opposite pattern in UVXY... but didn't have any perspecitive on wider market context to put it in that made me think anything about it...

The pattern is clearly apparent in the SBSW chart, too... a big bite taken out of it at 2 PM...
Same there for HL...
Both opened lower... fought back... and then got ugly at 2 pm.

Others, like BTG were not having all that bad a day... higher on the day at 2pm... and then fell off a cliff. Not that dramatic an event, actually, at BTG that lost only $0.15... and gained $0.04 back. But the correlation in timing is not a coincidence... and it stands out on a 5 minute chart as a sudden huge change...

A couple of smaller issues do show an increase in "noise" at 2pm... suddenly larger inflections up and down..

One has a flat "table top" prior to 2 pm... then shows erosion in intermittant blips lower... that dont end up having any real price change impact on the chart... other than changing its texture...

A couple others show a subtle step change right at 2pm... dropping $0.02 to $0.03... but otherwise carrying on as before... which would go totally unnoticed without looking for it at that time because of the other stuff...

Way too weird to be coincidence...

Suggests... another event in which some rogue "family office" ran into a problem when the SPX (or whatever) underperformed on the day... driving a margin call... which seems to have driven an event in liqudation of some mining shares, too... while others show not even a burble in the chart at 2 PM ?

More poking to do... but it appears mostly tied to "major markets" issues only... the big producers traded on NYSE... not really impacting the littler guys much at all...

Anyone note any news at 2pm that would have that effect ?
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