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TND Market Brief: Eric Dubin
Historically, when a market exhibits extreme volatility during a trading day/week that resolves with the reassertion of an upward trend, that is, more often than not, an indication of still further upside in the near-term.
Silver and gold are not normal markets. Arguably, they are the most manipulated markets on earth other than the credit market. But don’t tell that to the idiots on CNBC; they seem to not be able to understand that one can not have a managed bond market without managed gold and silver markets. In any event, in a normal world today’s trading would be seen as positive by traditional market historians and technical analysts that also have a reasonably well honed understanding of market history.
In isolation, the decision making intelligence value of this pattern is limited, of course. I’m only pointing it out as a “dot” among many the dots that connect that underpin this ongoing bull market trend fighting to slough off official sector manipulation.