"They" are content with less.
Posted: Mon Feb 11, 2013 11:07 amLooking at the comex board, i've been noticing, that the bank prop desks, the guys that use the silver futures market as their private ATM, i've noticed, that when they do these pushes down?...right...they are playing a real tight game, they cover earlier now...for instance, open interest in the March, when we traded in the 32.00-31.80 was 77k....they slam it down to 31 even, open interest is 63k.
i know we're doing the flip into May...i know that.....but it seems to me, these guys are getting LESS BOLD in their bear raids.
Thats the whole gist of my observation, right or wrong, it SEEMS "they" are getting less bold and brazen. My feeling is, the longer we band up in this range, 26-32...the better. Ya'll have a good week, love your neighbor, neil
i know we're doing the flip into May...i know that.....but it seems to me, these guys are getting LESS BOLD in their bear raids.
Thats the whole gist of my observation, right or wrong, it SEEMS "they" are getting less bold and brazen. My feeling is, the longer we band up in this range, 26-32...the better. Ya'll have a good week, love your neighbor, neil