Leon's Chart: Silver Spot Weekly Movement

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Author	Replies: 7 / Views: 2,058
leon1998 Pillar of the Community United States 586 Posts	Posted 11/13/2015 09:28 am Report this Post to the Staff

leon1998 Pillar of the Community United States 586 Posts	Posted 11/13/2015 09:35 am An interesting rule: whenever Full STO passed 50 in a down wavelet, it will hit 20 eventually regardless. Even after it hits 20, the intermediate bottom doesn't show up until four or five weeks later; check the black vertical lines. In summary, we're far from an intermediate bottom; I hope the downtrend purple line support will hold; but odds are low Report this Post to the Staff
leon1998 Pillar of the Community United States 586 Posts	Posted 11/13/2015 09:47 am Since Banksters are still sitting on massive short position on Silver futures contract (they are NET short 119 million ozs/3700 tons of silver!) A very possible scenario is, to break below PURPLE downtrend channel, do the stop-loss hunt and create a panic environment; so that Banksters can quietly cover their massive short position behind the curtain. I gave a 90% odd on this plan. Report this Post to the Staff
leon1998 Pillar of the Community United States 586 Posts	Posted 11/17/2015 10:44 am Last week's silver futures report: http://www.cftc.gov/files/dea/cotar...lf111015.htm Banksters were still NET SHORT 2450 tons of Silver. Report this Post to the Staff
leon1998 Pillar of the Community United States 586 Posts	Posted 11/20/2015 9:41 pm Last week's silver futures report: http://www.cftc.gov/files/dea/cotar...lf111715.htm Banksters were still NET SHORT 1350 tons of Silver. An Interim bottom is NEAR! Report this Post to the Staff
leon1998 Pillar of the Community United States 586 Posts	Posted 11/29/2015 9:05 pm Silver price movement has been extremely weak; it may hit $13.7 before we can see any bounce. Report this Post to the Staff
leon1998 Pillar of the Community United States 586 Posts	Posted 12/02/2015 8:23 pm We are approaching $13.7 right now. As I am typing, spot is $13.83 Report this Post to the Staff
leon1998 Pillar of the Community United States 586 Posts	Posted 12/15/2015 2:21 pm Finally $13.7 is reached, and breached. It may bounce up from here to about $14.5 area; and then break down again. Report this Post to the Staff
	Replies: 7 / Views: 2,058

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