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Politics : Liberalism: Do You Agree We've Had Enough of It? -- Ignore unavailable to you. Want to Upgrade?


To: TideGlider who wrote (104275)5/5/2011 8:47:37 AM
From: Sedohr Nod1 Recommendation  Read Replies (1) | Respond to of 224729
 
Thanks Tide.....it was pure luck and gut feel.....it was my theory that silver was ahead of itself and getting pretty frothy. The sentiment I was reading seemed to have no downside in sight.

Plus the wife said I was wrong and it was going higher, so it had to go....lol



To: TideGlider who wrote (104275)5/5/2011 8:59:36 AM
From: tonto1 Recommendation  Read Replies (1) | Respond to of 224729
 
And Now For Today's Mini Silver Flash Crash: Same Time, Same Place
Submitted by Tyler Durden on 05/03/2011 18:42 -0400

After Hours Commodity Futures Trading Commission

Just like yesterday and the day before, 6:30pm is now the official precious metal "bang the afterhours" launch time. As we predicted minutes ago, silver just got taken to the cleaners on what is now an apparent attempt to push silver around in the no volume part of after hours trading, in the 6-7 pm no man's land. We expect an imminent rebound after this latest attempt to trigger stop losses, probably those around $40, fails. If it succeeds in pushing silver below $40 it is very possible that the metal can promptly trade down to the mid $30s as a result. And while banging the close has been investigated by the CFTC for years (resulting in some modest smacks on the wrist recently for the ex-Moore traderwho did this with impunity), we are confident it won't be before 2015 that the CFTC's commissioners investigate this particularly odd behavior in silver and gold. By then it, of course, won't matter.