Wed, May 22, 2013, 4:58 PM EDT - U.S. Markets closed
retraces the POG. That puts the floor in silver at $34 pre program trading for silver, and we're past that.How far will program trading take the market down?Keep kicking out the stops, and nobody knows where the support is programmed.
Programmed/HFT trades ? This time they just hit the "ESC" key.
If you can't wait till a positive day to deploy dry powder, at least wait for a significant decline in the percent of decline.
The "manipulated" selloffs in the past were 3 hour affairs and buyers swooped in, followed by Asia.This one really has legs so Im not sure the bounce is going to be a "V."
Problem is, if u try to time it exactly u will be looking at a much higher price. Just look at the last time silver got hit. Within hours it soared.