Other then an intraday pullback, SLV is confirming on just about every timeframe. I don't see anything suspicious about this move, unless we see significant deterioration in the 1-5 min charts suggesting a change, it looks ok to me.
Tuesday, November 30, 2010
SLV Request
Other then an intraday pullback, SLV is confirming on just about every timeframe. I don't see anything suspicious about this move, unless we see significant deterioration in the 1-5 min charts suggesting a change, it looks ok to me.
1 comment:
Excert from link below, great read and info. Institutions are not rolling over their contracts or accepting cash payment from Comex, but requiring delivery of physical metal.
"Comex dealers will deliver on Dec 1st 2010 over 500,000 ounces of gold (around 10% of amount required to deliver in Dec 2010) BUT only 280,000 ounces (around 0.3%).
Around 60% of this first delivery of physical silver will go to…
…what a shocker JP Morgan – a bank that owns more than 40% of all paper silver shorts AND that also lose over $3 billion every time price of silver goes up by $1.
All this info are freely available – you just need to use a bit of your brains to analyze this info and come to logical conclusions for predicting where all this leads."
http://agaupm.com/can-comex-deliver-silver-and-gold-in-dec-2010/
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