Partner Center Find a Broker


“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…

  1. 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.
  2. Notice how the volumes (bars at bottom of chart started to rise on the QE2 liquidity surge expectations; circled in yellow.
  3. 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).