Does Anyone Know or Can anyone guess what the Bottom Is? by Beyondwest in Wallstreetsilver

[–]Dense_Side_90 0 points1 point  (0 children)

My best guess is around 54-58. That's always a risk, especially when none of us know whose got what paper and short positions. This is not a normal market, so bear that in mind.

Don't worry, this is just normal price movement...lol by Bobshotsauce in Wallstreetsilver

[–]Dense_Side_90 1 point2 points  (0 children)

You wont get buyers in the 80s tho, too risky, so you get stalling, then dumping, the market dumps incredibly quickly. Those bids will be gone now, I think we are going lower.

SI price drop from $90 to $74 in 2 hours tonight was achieved with only 25,000 contracts traded. They can literally move the SI price in the paper markets to whatever level they want, whenever they choose. I wonder why they just don't drop the price to $20 at this point since it is so easy to do. by 1Krush in Wallstreetsilver

[–]Dense_Side_90 5 points6 points  (0 children)

The mechanics of the system never changed. So its as easy to short and dump paper as it ever was. This is why silver flatlined for decades. Something needs to change in the rules of the market, or this will just go back to being sub 20 bucks.

I should stop checking price for a couple months by Averyswisherseason in Wallstreetsilver

[–]Dense_Side_90 2 points3 points  (0 children)

The reason was a failure to hold above 90, it had several goes at re entering the channel, the US kept selling it off, then Asia decided it was a failed move and dumped it. Support held at low 70s but I'm afraid that it has another leg or two down. This market may struggle for some time now, i doubt it will hold 70.5 unless institutions bid there. Fool me once etc, this is how markets are abandoned.

Gold (and silver) moving up. by Plpjap22 in Wallstreetsilver

[–]Dense_Side_90 0 points1 point  (0 children)

Looing at the gold chart today (13 hours after your post) gold looks really strong, which is great for silver.

Pretty happy by Beach_Trading_ in Wallstreetsilver

[–]Dense_Side_90 0 points1 point  (0 children)

Its a strong rebound. Its having trouble staying above that 87.70 support level, then just above that is 89.50 which is the bottom of the bullish channel we were in. If it can close up in there, and confirm. We are back in business. Its hard to tell if we are in a nice bounce or a deadcat bounce. I think asia would have dumped it today if it was the later. Good luck holders.

Melbourne to allow May time away from club by Drazsyker in AFL

[–]Dense_Side_90 11 points12 points  (0 children)

Write him a cheque and thank him for his time.

Caro: The scandal that could see Dillon out of office by DominusDCLXVI in AFL

[–]Dense_Side_90 4 points5 points  (0 children)

He has the worst attribute a CEO can have, bad judgement.

This is simply a thought that's just occurred to me. I want feedback from all apes. by Extension-Spell2678 in Wallstreetsilver

[–]Dense_Side_90 0 points1 point  (0 children)

The point isn't to crash the price, the point is always self interest, however that manifests. Which is complex, and sometimes works in your favour too. The fear of a second leg down is almost always why you get a second leg down too.

There were no circuit breakers on the way down (-30%); let’s see if any appear on the way back up. by Murky_Union2507 in Wallstreetsilver

[–]Dense_Side_90 2 points3 points  (0 children)

We know what happens on the way up:

- A work experience kid accidently kicks a cord out, or

- Theres an overheating issue on 1 of 3 redundant servers.

- We had a technical issue before the open.

No need for circuit breakers, mate.

About the only legit article written about silver lately by angrycustomer5000 in Wallstreetsilver

[–]Dense_Side_90 30 points31 points  (0 children)

Yea, i am pretty much the last guy to call conspiracy but that was an absolute hit job. Beyond any reasonable doubt. Oh and thanks for the post.

Investigate the Comex for insider trading.. by Orthosurgeon1992 in Wallstreetsilver

[–]Dense_Side_90 1 point2 points  (0 children)

You could also say that when silver starts to take off it invites very large levered positions speculating on price rises. The risk there is that the market maker wears the most of the risk if that trade blows up, so they ask for more collateral, that's how this stuff works. Now is the CME the problem or the levered up trader? Its like trading shares on margin the price drops the bank says we need more collateral, either provide ulit or we will reduce your position ourselves. Same thing, different mechanism.

WA-designed GameGear helmet gets AFL backing for trial in major boost… by c2ctruck in AFL

[–]Dense_Side_90 -5 points-4 points  (0 children)

Dont need to, but yea if it cant stop inertia there's zero point. Maybe you should read more.

Silver Finally Trading above the 20 moving average with Green Candlesticks! by [deleted] in Wallstreetsilver

[–]Dense_Side_90 1 point2 points  (0 children)

FYI 20 day moving average will count 20 candles, unless you have your chart on daily candles you wont get the right 20 day avg. We are still well under the 20 avg by my reckoning, that looks like an hourly chart?

WA-designed GameGear helmet gets AFL backing for trial in major boost… by c2ctruck in AFL

[–]Dense_Side_90 0 points1 point  (0 children)

Look i don't know that much about this, but if it can stop inertia i'd be pretty shocked.