The rally from May 26’s 22.78 low would become an enticing ‘mechanical’ short if it touches the green line (x=25.19), as seems likely. Initial risk would be a little more than $4000 per contract, so the trade is recommended only to those of you who know how to cut that by at least 90% using a ‘camouflage’ trigger. If there is sufficient interest in the chat room, I will provide guidance in real time. We would be shooting not for a drop to ‘D’, but for a single-level profit predicated on exiting at p=23.946. A fall to D=21.46 would still be a theoretical possibility, however. ______ UPDATE (Jun 16): Yet another week of excruciating tedium told us nothing we didn’t know a month ago. Even the crime syndicate that manipulates bullion futures seems too bored to bother. The analysis above can stand as given.
SIN23 – July Silver (Last:24.12)