Silver slammed along with gold at the "normal" time of 4:00 AM eastern. Just your normal $2 Billion notional gold slam. (ahead of the durable goods miss??)
silver sold down to 16.22 July futures over 76,000 contracts traded so far today. So with that much fire power silver is now trading 16.58... Thirty six cents off the low
Crypto's are being sold hard as I presumed. But I thought that swoon would send some money into the metals. The crypto Mama's were dissuaded by the 4:00 AM
smack-down. But to think about it the majority of Coin holders probably do not have futures accounts or are even familiar with the COMEX or GLOBEX for that matter
Early adopters especially 20-30 somethings may believe Crypto's walk on water but they are being taken to the woodshed today.
Silver has value here at $16.58 Gold is also $10 off the lows of the day.
I am recommending a silver long here
silver sold down to 16.22 July futures over 76,000 contracts traded so far today. So with that much fire power silver is now trading 16.58... Thirty six cents off the low
Crypto's are being sold hard as I presumed. But I thought that swoon would send some money into the metals. The crypto Mama's were dissuaded by the 4:00 AM
smack-down. But to think about it the majority of Coin holders probably do not have futures accounts or are even familiar with the COMEX or GLOBEX for that matter
Early adopters especially 20-30 somethings may believe Crypto's walk on water but they are being taken to the woodshed today.
Silver has value here at $16.58 Gold is also $10 off the lows of the day.
I am recommending a silver long here
Trade active:
nice little move today in silver July is 16.67
good support stay long
good support stay long
