SP 500 and NDX March Futures Daily Charts

Gold Daily and Silver Weekly Charts

The manipulation of prices during the US trading window is fairly apparent, and with more people paying attention to the metals, particularly silver, the duplicity of the markets is becoming more accepted fact, as people see it with their own eyes.

As for silver, even though it was heavy pressed today after a European and Asian session which saw it soaring, a spike up to 40 intraday is still possible, but our target of 37.50 remains intact before any substantial correction or consolidation sets in.

We might also wish to consider that there may be no real correction, just a pause and a move higher. This is what happened after the first pause after the initial breakout, leg 2 in our silver chart shown below.

SP 500 and NDX March Futures Daily Charts

The Fed is continuing to add liquidity to the markets, and with light volumes it remains relatively easier to subsidize a soft lift to the market throughout the day.

Nice volatility for short term trading, but otherwise a treacherous market.