Here is an additional interpretation of the big inverse H&S bottom from July 2010 showing a target around 1280 that appears to have been met.
I cannot stress enough how manipulated these markets are, so use caution if you choose to play on their tables.
I was watching some individual stocks on Level II quote feeds and they were marching the prices up and down using 100 share bid/ask transactions. There was a noticeable lack serious buying at most times.
The intraday price manipulation in these markets, and particularly in silver, is becoming so blatantly obvious as to be getting almost silly. It reminds me of our little girl showing me one of her 'card tricks' when she offers me the deck with one card sticking way out and says 'pick one,' and then moves the deck around furiously if I try to pick one of the others.
I think there is a nice setup for a 'flash crash' developing with perhaps some trigger event this time that will be used as a justification for that and perhaps other things.
These fellows on Wall Street and in Washington have gotten through most of their lives by using special privilege, private influence, and simply cheating. By now dishonesty and deception is like a familiar friend that they turn to whenever the going gets tough, so how can we be surprised?
As a reminder, The Quiet Coup - Simon Johnson
“For every credibility gap there is a gullibility fill.” Richard Clopton
