As mentioned earlier, rather than suspect the EE, I'm more inclined to believe that today's Globex craziness is more directly related to this being "put up or shut up day" in the March silver contract. Either way, however, we should all be very impressed by the resiliency of the buyers. I'm standing by what I mentioned earlier about $35 looking imminent. We'll see.
More this evening. TF
ps Read this post from Trader Dan and look at the two charts:
First, note the incredible CCI chart. Picture this chart in your head the next time someone tries to argue the whole "deflation vs inflation" thing with you.
Second, look at the long bond chart. Note that the current bottom was marked by an UP outside reversal day. Always be on the lookout for them. There are few technical indicators as prescient when predicting trend reversals.