Options expiry manipulation of the gold price in one chart

Welcome to the Precious Metals Bug Forums

Welcome to the PMBug forums - a community supported watering hole for folks interested in gold, silver, precious metals, sound money, investing, market and economic news, central bank monetary policies, politics and more.

Register a free account to join the discussions. When you register an account and log in, you may enjoy additional benefits including access to market data/charts and additional members only rooms (including one for trade/barter with the community).

Silver has retraced almost half it's loss from the morning tumble.
 
PMBug said:
Silver has retraced almost half it's loss from the morning tumble.
Click to expand...

Lots of the miners are actually up. GDX is up right now. Juniors down about .7%.

btw.. CNBC is reporting a single customer sold 15k contracts. nice trading idiot..
 
Silver is almost all the way back to where it started the morning.

DSAbug said:
... GDX is up right now. ...
Click to expand...

Somewhere, Soros is smiling...

DSAbug said:
... btw.. CNBC is reporting a single customer sold 15k contracts. nice trading idiot..
Click to expand...

Yes, I'm sure folks buying and selling that much silver achieved their buying power (ie. the ability to make such trades) by being idiots. Makes perfect sense.
 
PMBug said:
Yes, I'm sure folks buying and selling that much silver achieved their buying power (ie. the ability to make such trades) by being idiots. Makes perfect sense.
Click to expand...

I'm just bitter :)

Realistically though.. No one needs to be THAT aggressive to get an order filled. They are trying to move the market by stop hunting and it worked. So yeah, not idiots but definitely a$$holes
 
You must log in or register to reply here.
Back
Top Bottom