6 minutes after the Japanese futures open at 1:00GMT Silver plunged almost $2.00 on the COMEX From $16.14 to a low of $14.34. Nearly 5,000 contracts were sold in under 1 minute valued at $403.5 million. Is this exhaustion selling or is silver headed much further to the downside?
Gold declined about $6.00 during the same time-frame touching a low of $1218.88.
A joke from Twitter:
BOJ pic.twitter.com/1REIUnaXS9
MONETARY MAYHEM™ (@MONETARY_MAYHEM)July 7, 2017
Silver is being manipulated. Now perhaps the push up will come when no one is expecting it or running!
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