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Metal Bulls In Control, from T.K Marks

2010-11-23 ยท Anatoly Veltman, T.K Marks
Original source

Following four up-sessions, metals bulls appear in control and all forgot the worries of Nov. 9th exhaustion top experience. Two factors are not widely heeded:

  1. That Silver is trading tonight at the highest level that Asia has seen in thirty years.
  2. That tomorrow is Tuesday. In front of the U.S. market holidays, no less.

Well, I am prepping for an active Tuesday!

Anatoly Veltman writes:

Never have I yearned for my pit trading past as I do having watched these events unfold.

On the floor the outsize returns were always on the downside, as the moves were mercilessly violent and geography no small consideration. As such, I'd lay on my pillow these nights with thoughts of the avalanche selloffs like visions of sugar plums dancing in my head, to borrow some seasonal verse.