Loading ...An Inverse Conspiracy Theory
That “Phantom” spike down ib silver a while back…is still on the charts as if it really happened
So Silver “technically had a double bottom and coincidently hit the down sloping fork middle tine…for the present bounce.
If that were a real print it would be wildly bullish …so maybe the phantom spike was done for the bulls and not the bad guys this time.
serious…. strange that this “glitch” was never edited out of the charting programs.
Nice chart,let me start off by saying I am not adding this chart to argue with you but to show a different perspective. I see silver closed its gap from 2016 while gold and GDX have not, can silver lead while they retrace to fill? that wouldn’t likely happen but who says those gaps have to fill.
https://invst.ly/4i25k
The place for this candle fits perfectly with my SGR charts, which I posted on here:
https://goldtadise.com/?p=407128
In this post I also say that I think that this spike down also was the YCL for the SGR. And also that we most probably had the ICL for $GOLD at the same time.
And as I have posted on earlier, I think silver will lead from here looking at my SGR charts so the bullish take is my preferred one.