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Old 12-18-2012, 02:55 PM   #21
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Yeah, I watched the Kitco chart all day now and it has been another obvious attempt to smash and burn.
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Old 04-10-2013, 12:56 PM   #22
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Silver is outperforming gold on the downside, so are platinum and palladium. Weird times...
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Old 04-10-2013, 02:03 PM   #23
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today was very screwy..

Since today's action happened on a Wednesday, we wont see the COT implications until NEXT friday.

We really do need to see commercials have under 100k net short before we can get comfortable IMO..
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Old 04-10-2013, 02:16 PM   #24
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Tuesdays have been updays a lot during the last few weeks even with negative weekly performance overall. Wednesday often marked weekly lows. Coincidences, coincidences...
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Old 04-10-2013, 02:21 PM   #25
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Originally Posted by swissaustrian View Post:
Tuesdays have been updays a lot during the last few weeks even with negative weekly performance overall. Wednesday often marked weekly lows. Coincidences, coincidences...
Oh it has 100% to do with the COT reports. I also think Goldman's hit piece was perfectly timed with the FOMC minutes foul up, Japan's BS news and the Cyprus news to get a maximum impact. Sinclair didn't refer these takedowns as operations for no good reasons. That is EXACTLY what they are.
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Old 04-10-2013, 02:46 PM   #26
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We just got to be patient and wait for the physical market to prevail. I'm very confident that the support levels at 1525 and 26 will hold.
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Old 04-10-2013, 02:51 PM   #27
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Originally Posted by swissaustrian View Post:
We just got to be patient and wait for the physical market to prevail. I'm very confident that the support levels at 1525 and 26 will hold.
Sinclair shares that view. I am not really sure what to think as far as timing this market. I think we've seen signs of bottoming for a while but haven't managed to get going for whatever reason.
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Old 04-10-2013, 05:30 PM   #28
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Gold vs silver (vs oil vs copper) since last Friday:
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