[IoninnyHaro]

Serpo,
as you may recall earlier brokerage days' anecdotes shared sporadically, you might suspect I have a different take on this. Yours truly is offering it here as a counterpoint to a very solemn intonation of the earnest young man in your 23min vid clip, which he executed very well, I might add. I just don't agree with his nor Silver Doctors' conclusion, that's all.

To put it another way, sometimes we see what we want to see, instead of what is. Allow me to offer my take, please.

Traders, especially retail traders put in "GTC stink bids" hoping for blackswan event to let them into the market at ridiculous buy price points, such as this chart would SEEM to indicate truly occurred. BUT, they never get filled, because the COMEX has what they call a "fast market rule." And NO ONE, but NO ONE retail or otherwise gets fills when "fast market conditions" are declared by the exchange. It would be interesting to know if "fast market announcement was made" on the trader's screens or audibly via squawk boxes.

Granted, that was a 10min intervallic charted series of events as shown in a 60 second chart. It may look different on a 4 second chart for example, but Net Dania doesn't break it down by ticks. The real market place does, but one has to pay big bucks to see that kind of data stream and know how to parse it. However, that 60 sec. chart in and of itself, is the clue right there that this is a pre-ordained, pre-planned event, announced to those major players (bullion banks) who "need to know" what's happening and how to plan for it.

Observe if you will, the gradual but marked orderly decline as those on the floor a/w/a those with their algo's --deliberately step aside in orderly fashion for this "event" to take place. In otherwords, look at the preceding series of 60 sec intervallic SHORT TERM trades creating the downtrend going into this anomalous 10 minutes. Most don't look at the "before" just the during and after...because that's when THEIR attention shifted, timewise. It's normal, armchair analysts' behavior.

Then when the "all clear is given" aka the 10min, pre-announced test is concluded, it is immediately back up to previous levels...(check the power uptrendline from $26up) and back to normal trading we go. No gold/silver spreads were reversed, which is another clue.

Silver just resumed a "since $26 base building" higher trend based upon Greek and QEIII actionable events on the world scene as being played out in the COMEX silver sand pile.

If I cared, and still sat at a "desk" as in the old days, I'd be cross checking the time zone in other global bourses, and collating wire service news data, to see who was bringing up a new bourse, or installing a new set of servers, etc., or whatever, during their DOWN TIME,
NY be damned.

This was an equipment test, nothing more, nothing less.

*Because it was advertised in advance to the players who "politely stepped aside as they were asked...
*Because it was a defined sideways trading range with a nearly identical top and bottom of the candlesticks length as revealed in the 60 sec time window afforded by freebie Net Dania...
*Because it was "time certain" i.e., it lasted 10 full minutes before the "top of the hour" here stateside,
*Because it returned to normal with upward bias (as underscored by a power uptrend line with it's starting "pitchfork point" at the $26-ish area) ...
....this was a new technology test, I'd swear to it.

Reminds me of the tests conducted by the ECB just prior to the official EMU launch date GMT 12:59 (London) when all global systems were publicly pre-announced to and made the newswires, advising said "test was being undertaken." Obviously, massive amount of currencies simultaneously involved.

This was just a particular silver bourse somewhere on the planet, doing a convenient to them, 10 minute work the kinks out type test, which happened to be INconvenient in another time zone, but happened to occur in the NY session and spotted by uneducated seers.

People in these PM markets need to understand the "baton handoff" that occurs in the PM markets.

The daily marathon/"amazing PM race" does NOT start and stop in NY.

NY is just a "pony express station" on the east to west 'as the sun moves' silver circuit" as it were. (pardon my mixing metaphors.)

While I'm mixing metaphors, permit me one more? Sometimes a cigar is just a cigar. That's my story and I'm stickin' to it....