Sat, Jul 2, 2011 - 5:51pm
Friday, July 1, 2011
The Silver Setup Needs A New Descriptive Catch Phrase
I've used phrase such as watch out and shock and awe to describe the setup in silver. After today's numbers, I add holy sh*t, batman to the hat of descriptive catch phrases. Certain interests are professionally buying this decline as the public slumbers through another lazy summer.
There's still some retail meat on the table. The once prime cuts are beginning to resemble table scraps.
Silver London P.M Fixed and the Commercial (C) & Nonreportables (NR) Traders COT Futures and Options Stochastic Weighted Average of Net Long As A % of Open Interest
Watch out, Shock and Awe, and Holy Sh*t, Batman this is a bullish setup.
Updated 07/02: Silver London P.M Fixed and the Silver Diffusion Index (DI)
Silver is a powder keg awaiting a technical trigger.
Edited by: ¤ on Nov 8, 2014 - 5:09am