I absolutely agree. I work hard avoiding the term. But you have to admit, TG, when the moving avg's literally look like they're turning on a dime, you cannot avoid using the term. TWICE within the past three months, silver's 50/200dma crossover was avoided (saved, you might say) by dumping silver contracts. You can see what I'm talking about, right?
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An old gap on silver from November of 1971 has not been filled. This is why trading gaps can be dangerous. Sometimes they never fill of take years to fill. https://www.tradingview.com/x/xyr8tWnI/
This is just a dream, silver at 1.335 would be a screaming buy. The funny part, most would be so shell shocked to buy after getting creamed, if silver ever traded this low.
I do not use moving averages in my trading. I believe its more of the algos going after the easy stops. When everyone gets bullish the algos create a stop run, resulting on margin calls, covering, it gets messy. gold and silver contracts can change hands many times in a day when price get volatile. Look at the 1970´s rally, the Hunt Brothers tried to corner the market. The bulls did not complain about that. From the 2009 lows to 2011 highs, I noticed some massive daily rallies. Not one person complained when silver and gold rallied just as hard when it crashes. I believe the manipulation is both ways and it´s the algos manipulating the markets.
Trader of Futures (Ernie), one of Greg´s friend´s is a professional trader, he trades money for other people. Ernie made a video on how the death and golden cross fail just as much as they work. When they do work we give power to them.
I could be wrong, just my pov.
I think gold can go lower as long as resistance holds. Call it manipulation, but the fact remains, big money has a lot more than us, it´s a useless fight to try to beat them. You will lose just about everytime. https://www.tradingview.com/x/XHOJH5Lf/ Gold likes to trade in channels. https://www.tradingview.com/x/pIC1Lg4i/
https://www.tradingview.com/x/pIC1Lg4i/