from King World News
After there was clear profit taking on Thursday in both the gold and silver markets, today SentimenTrader issued an extremely important update on the war that is raging in the silver market.
Here is just a small portion of today’s note from SentimenTrader on the silver market: “Silver had a large negative reversal on Thursday. After rallying more than 2% intraday, it reversed to close in negative territory. With “smart money” traders holding large negative bets against the metal, silver looks vulnerable to a further decline. Prior times it suffered a large reversal when smart money traders were betting against it, it tended to follow through on the downside, but it was extremely volatile (even more than usual)…