That Fishline Just Turned Out To Be A Fishhook!
You didn’t think the SOB Banksters were actually going to let anyone other than a futures trader get these artifical, manipulated bargain basement prices, did you? That fishline just turned into a fishhook and anyone not already long is either caught short or left on the dock while the boat pulls away. By the opening of Monday morning trading gold and silver should be up and probably gapping much higher. Not sure how one can get the data but I bet a record amount of volume will trade overnight.
Congrats Chartmaster ! I think you will be proven right ! This smells like a bear trap !!
Judging by the appearance so far the stocks are not down as much as one would expect with this kind of drop in the metal. We will see how London hits it in another hour, But as of now my gameplan is to cover at the open and possibly go long some gold stocks for a 2-3 week upside recovery bounce.
I like your plan
Looks like we are on out way towards an intermediate capitulation. Might be worth buying it for a trade.
Incredible hammer candles on /GC and /SI! SILJ and many others have a 1, 2, 3 reversal pattern brewing. We are in the 3 phase. I bought physical last night through APMEX on that flash crash. 🙂
Good job. Curious to know, are the premiums still crazy or did the panic last nite reduce them at all?
The only gap is down.