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  #361  
Old 22-08-2013, 04:19 PM
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Looks like someone doing a few massive buy/sell orders today
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  #362  
Old 22-08-2013, 04:44 PM
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Quote:
Originally Posted by oreka View Post
gold got August delivery month, so it may be difficult to get past 1400/=
normally price down b4 any delivery month. I target conservatively 1340 - 1350 b4 I buy somemore. (have to consider exchange rate as well).

silver delivery month is in September, so price wise not sure.
that usual was in the past, now those holders are on the long sides.
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  #363  
Old 22-08-2013, 07:48 PM
moyyewhon moyyewhon is offline
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http://infernalmagnet.blogspot.co.uk...er-market.html

New Super Algo Tested on the Silver Market?
Looking at today's action in Silver, I was shocked. The day started normally enough, with a powerful bullish market that took Silver all the way up to $23.36 by 19.50 GMT. It then began a slow decline to $22.87. However, it is what came after that made me gape with amazement. A massive volume spike at exactly 22.14 started an incredible series of data the likes of which I have never seen before. While the price remained absolutely flat at a top of 22.86 the price was taken down to 22.82 _9 times_. During this anomaly that lasted exactly one hour, from 22.00 to 23.00, the ask price remained mostly at 22.9, spiking at 22.97, a spread of an incredible 15c!! or 0.6%
I have _never_ seen spreads this wide before and the exact timing of this phenomena, as well as the price gapping just after 22.00 leads me to believe this was computer generated event. It almost looks, from the data, as though an algo made the market dance to it's whim. Notice the gapping in price from 21.45 and then the steady rise in volume from starting at exactly 22.00. The volume keeps rising, until 22.14, when the volume peaks and BAM, for the next 45 minutes, the market behaves in a totally unchaotic manner with the largest bid/ask spreads I have ever seen. In my opinion, someone made a killing off this event and if it is the first example of some new kind of technology, then I fear for market stability more now than ever. I hope Nanex will get in on this and provide some micro data from the series. Until then, this 1min chart is the best I can do. Note that nothing like this happened on the Gold market, perhaps because the Gold market is much larger and therefore harder to manipulate.

Posted by Christopher Carrion at 12:15:00 am
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  #364  
Old 22-08-2013, 10:15 PM
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gold touched then rolled off $1,380... keep it up!
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  #365  
Old 22-08-2013, 10:21 PM
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Going sideways. Can swing either side.
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  #366  
Old 23-08-2013, 11:07 PM
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Melt-up........
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  #367  
Old 23-08-2013, 11:59 PM
freeier freeier is offline
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Melt-up........
Not so fast... Need to clear 1400 and 24
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  #368  
Old 24-08-2013, 01:25 AM
rlim1969 rlim1969 is offline
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Quote:
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Not so fast... Need to clear 1400 and 24
Gold 1395 now!

up, up and away

If Monday morning lagi up, maybe go UOB let go a 1-2 bars
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  #369  
Old 24-08-2013, 01:32 AM
Regular_Joe Regular_Joe is offline
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Just a whisker off 1400 and 24.....Almost there
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  #370  
Old 24-08-2013, 01:35 AM
rlim1969 rlim1969 is offline
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Quote:
Originally Posted by freeier View Post
Not so fast... Need to clear 1400 and 24
just a silly question here, looking at all the talk of the potential upside, does it still make sense to buy more silver now? thanks
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