[PA Engineer]

Could be, they’re unloading tons of silver now, to re-buy with more valuable Yuan later.

This is May Day in China. The markets are closed. The selloff came from New York Globex. It was a slaughter of the "longs" to prop up the "shorts" (COMEX). These were "electrons" in the banking cloud. I never believed all the reports on the COMEX until a couple of years ago when I began to look seriously at the markets. This chart is all the evidence you need.

[Cringing Negativism Network]

Now please.

Are you actually claiming the world’s largest foreign exchange reserves cannot function during a mainland Chinese holiday?

Where, incidentally.

Monday morning began just a few hours ago...

[Cringing Negativism Network]

Let me first apologize for this example.

Seriously. Profoundly. I’m sorry and I assure fellow FReepers I’m not trying to dredge up any bad memories, or be a drama queen with this comparison.

But. Wasn’t very much the same, said about Tet?

[Free Vulcan]

The volume is heavy for globex, moderate for a day session. That much coming in collapsed the bid no doubt. Real selling or a test? Volume is stlll pretty healthy and it’s heading back for that low.