Market Anthropology: Violence Begets Violence

Market Anthropology: Violence Begets Violence: "V iolence erupted in the silver market last night in Asian trading. And while the trading volume was thin due to many Asian markets being cl..."

Monday's trading should shed quite a bit of daylight on whether this latest break in upside momentum is the final straw or whether the market has another chance to turn back towards Friday's highs.

Should the silver ETF stabilize around 44 tomorrow morning and over the next session, there is an opportunity to bounce again back towards 48. In either case, I have a near term downside target for SLV of 36.

For further reading on my rationale for this line of thinking can be found here:

• Time - the Great Revelator

• Where Reflexivity meets Equilibrium

• Y2K=QE2

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