Two days after Bernanke announced no end to QE a Fed from Saint Louis has an interview with Bloomberg. Statements made contradicted Bernanke`s speach. Not only that but the interview stated the tapering might begin before the end of the year and the vote was close before Bernankes announcement. Not true, the vote was 9 to 1. False news articles do pop up to manipulate the market ( in general ) happen. The Herd runs for the cliff and mission accomplished. So presently the chart throws in a twist ( whats new ), one has to look further and the two single things I see that are significant is the support line and the 50 MA has met the 100 MA and about to cross over to the upside. The silver drop friday after thursdays big rally came down to that exact point.
On another note I have been watching a few silver chart daily reports on you tube. I`m so amused, actually it is funny because the very same service said on thursday Silver is gonna go to 30 then fridays report said it could go down. So which is right ? A switcheroo. It doesn`t get any better than that. As far as that interview with bloomburg, absolute manipulation and it could possibly be a bogus news report. I`m not positive on that but it feels eerily suspicious. I sure put myself in a spot with posting about silver, but I won`t stop even though most folks out there say it is the toughest market`s or one of them to predict. I can`t predict ( Silver is going to the Moon ) but I can point out charting and indicators. Like I have said before this blog is for studying so use your own good judgement and hopefully my blog will be for an edge for making an educated guess rather than randomly swimming through the market.
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