TheApeOfGoldStreet
@TheApeOfGoldST
#SILJ erased the whole move and just turned red.
These fucking algos.
There is very little genuine priceaction in mining stocks.
It’s just liquidity providers algos pressing price up or down depending on the metals movements.
Organic investing is almost dead. Undervalued stocks that drop market moving news gets almost zero impact as liquidity providers absorb everything.
I shouldn’t complain actually as I made a fortune thanks to these algos by just playing the windows of where they press price upwards.
But times like this, it’s frustrating to see massive volume and zero movement because algos just drive it down meanwhile liquidity providers keeps filling the asks.
Anyways. We hate them now, we love them later.
But one thing is sure, #IRAN needs to end for metals to move.
If Trump restarts the war, prepare to be mentally depressed as #Silver $30-$45 is then on the table for real.
IMO, we are back at “all eyes on Iran”