Options expiry manipulation of the gold price in one chart

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Silver has retraced almost half it's loss from the morning tumble.
 
PMBug said:
Silver has retraced almost half it's loss from the morning tumble.
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Lots of the miners are actually up. GDX is up right now. Juniors down about .7%.

btw.. CNBC is reporting a single customer sold 15k contracts. nice trading idiot..
 
Silver is almost all the way back to where it started the morning.

DSAbug said:
... GDX is up right now. ...
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Somewhere, Soros is smiling...

DSAbug said:
... btw.. CNBC is reporting a single customer sold 15k contracts. nice trading idiot..
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Yes, I'm sure folks buying and selling that much silver achieved their buying power (ie. the ability to make such trades) by being idiots. Makes perfect sense.
 
PMBug said:
Yes, I'm sure folks buying and selling that much silver achieved their buying power (ie. the ability to make such trades) by being idiots. Makes perfect sense.
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I'm just bitter :)

Realistically though.. No one needs to be THAT aggressive to get an order filled. They are trying to move the market by stop hunting and it worked. So yeah, not idiots but definitely a$$holes
 
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