Hey Dan, Wild day huh? Do you think we put in an IT top at 431 or is this a shake and bake? ===============================================================
Hi LD, I'm not sure what you mean by "shake and bake", but fwiw, I think we've seen the highs in the PoG for a while.
Other than my untouchable core positions, I'm pretty barren and will be looking to pick up some shares in the dozen or so traders I cut loose on the last up.
I doubt we would have seen such an extreme drop in the PoS w/o last weeks margin increase in the COMEX silver futures.
I look for tomorrow's Ag open interest numbers to be down big time and I'm expecting some more weakness in silver in the morning due to some additional margin call avoidance.