Re: PM news...bad, good, imminent
posted on
Jan 12, 2009 05:45AM
I am no chartist and appreciate your opinions. I wonder if we will see another day of recovery in the prices as a recent buyer enters the new jerk market.
I know that the boyz have more paper than any buyer has funds to purchase with, but I have been encouraged at the recent recoveries after early hammering by the paper pushers.
OI is showing that the paper hangers are adding shorts reversing the recent trend. Since these are the result of a few human decisions, I wonder if this is the last gasp of the current band of crooks or an agreement between the old band and a new band.
Time will tell. Given the hit in silver, ECU isn't acting too poorly.