The recent Flash Crash at $14.43 set the bottom. It's not going lower than $14.43. Will it get back done to there? Probably not, I'm thinking not even below $15.50. (The Flash Crash was 'supposedly' a glitch. That's not true. Somebody, somewhere just dropped out at that level.)
It is always darkest before the dawn. These moves down can break the will of even the most devoted silver bug. I will note that the COT report shows that the commercials are covering their shorts and adding to their longs in both gold and silver. Hmmm.
The recent Flash Crash at $14.43 set the bottom. It's not going lower than $14.43. Will it get back done to there? Probably not, I'm thinking not even below $15.50. (The Flash Crash was 'supposedly' a glitch. That's not true. Somebody, somewhere just dropped out at that level.)
Any further down starts getting into production cost and then not profitable, I say let them drag it down to 10.00!!!!
I will back the truck up😉
It is always darkest before the dawn. These moves down can break the will of even the most devoted silver bug. I will note that the COT report shows that the commercials are covering their shorts and adding to their longs in both gold and silver. Hmmm.