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If I had to guess, $tlt needs to revisit the low and test it out. The action in the other asset classes, especially $slv $gdx and $gld should be spicy rest of week. Either crash down or up off Fed outlook, don't see in between.
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Huge drawdown on #silver overnight. I suspect once the Registered drops below 30 M oz you will start to see the #silversqueeze really start to snowball down to zero. $PSLV $SLV $SILJ $PAAS $FR.to $MAG.to $ABRA.v $SLVR
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🚨 COMEX #SILVER VAULTS END OCTOBER BELOW 300 MILLION OUNCES FOR FIRST TIME SINCE MARCH 7, 2019 🚨 - Registered silver dropped 29.5k ounces, lowest level since June 20, 2017. - Open Interest now equal to 232% of all vaulted silver and 2,004% of Registered silver.
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I’m expecting a big pop πŸ’₯ out silver soon πŸ”œ πŸš€ $SLV or leveraged play $AGQ the moon πŸŒ™ cycles are aligned ⬆️
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$SI_F $SILVER $SLV - Yet still hampered by the Wkly Purple & Stepped-Blue. A Dovish tone from the FED after the .75bp rise tomorrow may be considered a pivot, which could be the catalyst to pop those declining Wkly Averages. Otherwise its the Stop-Sweep to the Lwr-Parallel...
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Only reason Gold and Silver have not acted according to their 110 year chart history this time around is because the brainwashed market believed a recession was coming. Silver and Gold priced in a recession first. Now watch what happens $SLV $GLD πŸš€πŸš€πŸš€πŸš€
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