Courtesy of Read the Ticker.
Silver is wearing its little white bikini, saying look at me, so look!
1) Open interest is very high for a low price. Someone is not selling, but hoarding, positions. For open interest to do this only a very large account(s) can stomach the losses. Coud this be China’s COMEX silver future account? Hmmm!
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Extrend positions with very little price action gain (well so far), rubber bands do snap back!
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A reminder gold silver ratio.
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And a RTT Tv video on the Wyckoff logic..
This is where profits start, near the extreme bottom.
Every one who has debt should have 1% to 10% of physical metals to offset a very likely derivative mistake. After all there are $700 trillion USD dollars of derivates (IN USD)! 1% mistake is a $700 bn write down! Enough to destroy a currency!
NOTE: readtheticker.com does allow users to load objects and text on charts, however some annotations are by a free third party image tool named Paint.net
Investing Quote…
…”Mathematics is the only exact science. All power under heaven and on earth is given to the man who masters the simple science of mathematics.”…
William D Gann
..“How many millionaires do you know who have become wealthy by investing in savings accounts?”..
Robert G Allen
