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Day trading pre-market open September 8, page-73

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Verily1

13,414 Posts.

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08/09/22

11:34

Post #: 63585714
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Originally posted by paddington bear: ↑

I have some really good news today (no, not the Dow, welcome and all as it is and just what I was looking for) but of all things - silver. This market has been really weak for some time but…. the commercials are net long. Now some people may not see very much significance in this little piece of information, but I can assure you that it is important. The last time this happened was in September 2018. Silver went up for a year after that and then had a final sell off into the March 2020 low before heading up to thirty dollars. My interpretation is that we have either seen the low for now or any further weakness will only be minimal. Break open the champers.

And just one other point – gold and silver both up when oil was down. Now that is a change from recent trading.

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Nicely combined with the September Quarter end for the Banksters. My thinking is that they will need earnings and if they are long Au and Ag they may let the prices rise into quarter end.
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