Engineer wrote:If you look at the chart for the last couple days, you'll notice that silver tends to either get pushed up or down at certain times, but the pattern is pretty much the same from day to day...except when they decide to flip it upside down. Today looks like it could be one of those days.
The interesting thing (actually fascinating phenomena for someone to explain away, who didn't subscribe to the manipulation theories) is how, repeatedly until it becomes tiresome, da boyz defy everyone's expectations of what silver "will do" or "should do" based on technical analysis. They create massive volatility to unsettle the squeamish and shake weak hands out of the futures markets, they know who the big players are and where their stop loss limits are set... so they initiate sell orders of large enough magnitude to trip the execution of those other orders, creating a cascade effect, and when a sufficient number of longs are flushed out they cover their shorts (and that's when you will see silver have a nice up day).
What they can take away in thirty minutes requires two weeks to restore... and then they'll do it again. Doesn't anyone in this forum (besides 68camaro) understand that JPMorgan IS the Fed? They are the largest member bank of the seventeen or so that comprise that entity, and thus... there is no such thing as real losses for them. They can virtually print money without limitations (through hidden channels of course) in order to expend those funds to continually crush precious metals prices. Only resource scarcity will eventually limit their being able to control these markets. Anyway, the point I'm trying to make is that technical analysis is worthless in manipulated markets, and works against those attempting to make predictions when the other side can paint the tape however they want, either to gull more fools into the market on supposed breakouts, thus to steal their money too, or to totally dispirit new investors and drive them permanently from PM's trading as it is "too volatile."
