Interesting.
Wednesday, November 10, 2010
Strange Divergence in the PMs
Take a look at these two 1 min 3C charts
GLD is in a negative leading divergence on the 1 min 3C chart..
SLV is just breaking through a leading positive divergence on the 1 min 3C chart.
Interesting.
Interesting.
5 comments:
This might have to do with the fact that the rest of the world knows that some very large banks in the US have tried to corner the silver market and short it. This could be in effect just like the bond crowd when they smell blood, they go to town against the position that has to cover. Can you give us an update on the longer time frames of silver and also the SPY. Thanks
BRANDT. Is the ***(DAILY SPY)*** chart still NEGATIVE?
MEEE-yes it still is negative.
meeeee,
It's been negative since day 1 of this 'bounce'. Means nothing.
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