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“Price is a tool of misdirection … it's the deliveries that will break it.”
@Thoughtful Money · Andy Schectman
Silver sold off below $60 but record physical deliveries show manipulation breaking down; strong hands accumulating, price recovers
SILVERLONG@ $60.07
$58.62-2.41%
since call Jun 24
peak +3.6%
“You would have shook out all of the speculation at under $60 in silver”
@Thoughtful Money · Andy Schectman
Silver and gold are near a bottom; under $60 silver and below $4,000 gold shook out the speculation
SILONG@ $20.23
$22.90+13.21%
since call Jun 24
peak +20.5%
“I think breaking $4,000 in gold is the same thing. We're right there. … I'd be surprised to see it have that much more weakness.”
@Thoughtful Money · Andy Schectman
Gold near a bottom; breaking $4,000 marks the washout level after the selloff from highs
GOLDLONG@ $3,940.87
$4,078.71+3.50%
since call Jun 24
peak +4.0%
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