Sunday opened with a bang on #GC and #SI. A misaligned opening quotation led to the liquidation of some late longs, as the stops were hunted and triggered a flush of sell-at-market orders. I will exceptionally show you the 1-second charts, because they are remarkable and illustrate what you can expect if you trade these beasts on the futures markets. The infamous 1-second BLIP (in reality, the entire process lasted a few milliseconds, but the 1s chart is better to appreciate the overall dynamics) took no prisoners and cleared the stops way down, with an exceptional movement that is clearly visible on the 2m or 1H chart, quite an accomplishment. The degenerates trading this stuff faced true ranges of 168 and 117 ticks in the first second of trading on GC and SI. Powerful negative delta, because all the stops converted to sell-at-market orders: 489 and 229 lots. If you had a classic retail stop “1 tick below the low” (those taught in technical analysis books or by some notorious FURUs), you could easily have had 100/150 ticks of slippage, depending on where you got your fill. The dollar value of those 1-second (!) true ranges was $1680 for gold and a whopping $2925 for silver. Again, in 1 second with 1 contract. Can you afford that? Do you leave enough room for your margin to allow movements like that? Study the product that you trade thoroughly. It’s a matter of life and death. The bounce after the stop hunting was absolutely gorgeous and overall it was a very healthy development: it is better to clean your tail during a trend, as it makes the trend stronger, not weaker. Take care. #SilverSqueeze #PreciousMetals #Inflation #MarketManipulation #Gold #Silver #RealMoney #XAGUSD #XAUUSD #XAGEUR #DXY #Dollar #Gold2000