Monday, August 8, 2011
1203 EST UPDATE - As I write this the price of silver is $3925 from its highs of $3934 a minute ago and the period closed three minuets ago at $3918. Also my 1141 update had the price at $3949 and it was $3910 a minute before the chart closed the quarter session. Therefore the move went from these points lasting a little over an hour 3947-3851-3957-3918-3933*(not done yet). This is volatility
1141AM EST UPDATE - Market is volatile, but less volatile as expected and these are my expectations. Don't get me wrong, it's moving along pretty good throughout the session, but I was expecting a three dollar day from top to bottom today and so far that has not transpired. There was some selling that occurred today from 10:36 to 10:59 New York time that brought the fixings from $3947 (100oz) to $3851 or a drop of about a full dollar per ounce. Since then it has come off its lows and it is currently at $3949 and therefore back to where it came from showing us a failed move.