Daily Action Confirms Manipulation
We all know and accept that manipulation of gold and silver via the futures markets is a fact of life. The daily action over the last couple of weeks confirms as much. There is absolutely no reason, that over any period of time, gold and silver shouldn’t be moving in the same direction on a daily basis. Yes, silver usually leads yes, silver usually goes up more percentage wise when they are rising and falls more percentage wise when they are dropping. What is proof positive of the manipulation is that for a number of days(I haven’t bothered to go back and see how many) even on days when they both start out up or down, one ends up down and the other ends up higher for the day. Then, the next day, again either right from the start, or by end of day the other switches to up and the one that was up the previous day ends down for the day. The switching to one day up one day down is not the issue. The issue is that on most days they are going in opposite directions, exactly not what should be happening. This price action confirms what the charts of both have been signaling for a while. The next leg higher, that is going to take out the August highs, is unlikely to begin before Feb. 2-3. Use this opportunity to buy dips and figure out which stocks are likely to lead the way.
Agree. Extreme manipulation.
Many rocks and even some senior reached short term oversold levels this week.
Next week could be up.