Akash
649 posts

Akash
@AkashK0001
Life is about the peaks and troughs! Ride 'em hard. GFC survivor.

I was a 10x engineer. Now I'm useless.




This is the most incredible thing I believe ever happened in the history of commodity markets in Asia. ⚠️👇 1,396,553 contracts traded at the SHFE this morning on the Apr26 silver futures ALONE, equivalent to 674,328,157.94 oz of physical silver. In the whole morning overal contracts traded equivalent to 1,343,900,000 oz of physical silver or almost double the ANNUAL silver mined. This is NOT retail; this was a brutal short-selling attack to crash the Chinese silver market intentionally. But guess what? Prices remain at a big premium vs Comex/LBMA, and silver nevertheless remained in backwardation, again, signalling these paper games aren't changing the fundamentals whatsoever




Played out as per my expectations. Now Silver has a risk of a slam from $92 (20 DMA) or $98 (10 DMA) before continuing the bull run. But it's only at $88 now so letting the DMA pull the prices. No hedges yet, only SLs in case something unexpected occurs. x.com/AkashK0001/sta…


A second dip near or below the bottom made today morning is NOT going to happen in Gold and Silver. So today's the day for you to rebuild longs and take that chance. Technically, both Gold and Silver have tested their 50 DMA. Any lower and the bull structure will get broken.









