Gregory Mannarino Explains The Mechanics Behind Friday’s Silver Smash
SilverDoctors.com
November 5, 2017
While the markets are in “la-la land”, what happened to silver on Friday was nothing more than pure, unadulterated market rigging. Here’s the latest…
by Gregory Mannarino of Trader’s Choice
In today’s video, Greg provides a nice graph and point of reference.
Greg says that nobody in their right mind would enter into the market and put in a sell order for that quantity of silver at one time. In addition, it was a “market order”, which means that the seller was just wanting to get rid of it no matter how low somebody was willing to pay for it.
Editor’s note: Think of a market order like this. Say you own a car dealership and you have 1,000 2018 model year luxury cars to sell. You don’t even really own them, the’yre financed on paper and you’re really the middle man. Regardless, you need to sell 1,000 cars. Well, with a market order, you wait until there is not a lot of action and then all of the sudden you announce “I need to sell 1,000 2018 model year luxury cars at any price”. With a market order, If the next 1,000 bids for cars ranges from $250 to 3,000, you sell to each and every one of the 2018 model year luxury cars at the price the buyers are willing to pay – in this example between $250 and $3000 each. The point is that no real person in their right mind would do this, yet in silver, this is what we see day in and day out.
Tune in now for an epic rant from Gregory Mannarino himself:
