% | $
Quotes you view appear here for quick access.

Silver Wheaton Corp. Message Board

  • sandybeachdave sandybeachdave Dec 21, 2013 12:54 PM Flag

    new $19.52 thread

    Sharpie, Cowboy, and other silver TA folks, Have a look at Michael Noonan's article "Silver - Charts Offer Most Reliable Information, Period" over at SafeHaven punction commercial. It is a pretty good read suggesting $20.50 as resistance and silver trend being down for an indeterminate amount of time from chart data. He explains fairly well this to be the result of manipulation. This supports what many have said on this board that manipulation is overriding charts and the manipulators want PM prices checked or lower to support their control of the entire financial system. Seems to me it is lack of law enforcement. Rule of law is not in the interest of the government, only select enforcement. Until we get law enforcement, we get manipulation.

    I believe another factor working against chart interpretation is HFT. It is way more than half the trading volume and nothing more than mindless computers trading with each other. I thought markets were for people to trade, willing buyer and willing seller. If people trading is less than half the market, then TA is trying to predict algorithims and their programers, It sucks, but it is what it is.

    I think all trades should be input manually. This does not prevent anyone from sophisticated computer analysis, but it does prevent front running by machines. I doubt it will happen as the exchanges are addicted to the volume and have no desire to establish fair trading above profit.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
22.82+0.93(+4.25%)Jun 29 4:00 PMEDT