Wednesday, September 02, 2009

Silver again

Sorry for my infatuation with silver lately. It's just been very interesting to watch what's been going on.

Silver broke out above the $15 mark that I was watching and like I thought would happen, the market makers have started to offload their positions into the retail and institutional market. You can see their systematic "inventory reductions" any time price spikes higher with volume. These spike thus far have been relatively small compared to the amount of silver that has been accumulated over the past several months. This trend might last a while while the market makers pump the price up to offload their silver holdings.

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