It's comforting to know that the market still conforms to both natural (gravity) and social (darwinism) law. And while I would never wish liquidation by margin to any fund or market participant - surely the thicket of fast money extraordinaire's has been thinned appreciably.
We thank them for their months of service to the liquidity spigot and bid them farewell and good luck.
We are all better off without them in the long run.
With that said, any attempt at donning a rose colored perspective to what we just witnessed in the silver market would introduce the very real possibility that you yourself may meet that same fate.
This is a shot across the bow to the market, just as the action the previous Tuesday was a shot across silver's bow.
Mandelbrot was a genius.
It behoves all of us to see the market as a fractal expression of itself in differing timeframes. It is more than a little bit disturbing that the price action in silver is following the 2008 analog to the hour.
I believe the equity markets had a bad second half - no?
I just joined Twitter. All my trades and occasional market musings are disclosed in real-time here.