About Currency Currents

With Currency Currents, you can stay tuned-in to our current global-macro view and our analysis of key investment themes driving currency prices.

We consistently focus on the key asset classes responsible for the flow of global capital -- including equities, fixed income, commodities and, of course, currencies.

Nothing is off limits to us in this free-wheeling look at the markets. Some days you’ll receive ramblings on trading psychology, while other days we may take an academic approach in explaining esoteric economic issues. Ultimately we have one goal in mind: to help you get a handle on the key investment themes driving global capital flow. Because if you know where the money is going, it increases the probability that your position in the market will be a profitable one.

Who is Jack the Pipper?

Jack Crooks is Black Swan Capital LLC, President and Chief Trading Officer.

Jack is founder and president of Black Swan Capital LLC. He has also operated a discretionary money management firm specializing in global stock, bond, and currency asset management for retail clients. In addition, he was general partner in a firm specializing in currency futures and commodities trading. Neither firm is now in operation.

Prior to entering the investment arena, Jack worked in various corporate finance positions. He has written extensively on the subject of global currencies and international economics.

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Silver to test 200-day moving average? At least?

Posted 11:47 27 June 2011

Quotable
“Disobedience is the true foundation of liberty. The obedient must be slaves.”
Henry David Thoreau

Commentary & Analysis
Silver to test 200-day moving average? At least?
Continuing along the theme of declining liquidity hitting the metals markets, I share with you a chart of silver I sent to Members of our Options Predator service last week:

To review, starting from left to right on the chart above…

QE2 began in late October 2010 (vertical maroon line on the chart); it launched silver into the ozone and test of the old Hunt-Brothers-silver-corner high back in the early 1980s.
Notice how the volumes (bars at bottom of chart started to rise on the QE2 liquidity surge expectations; circled in yellow.
Notice how open interest (red line top chart) soared and has not seen those highs since ... even as silver made a new price high (likely bigger players running out as smaller players rushed in).