from KingWorldNews:Today King World News is reporting on incredibly important developments taking place in the gold and silver markets. Acclaimed commodity trader Dan Norcini told KWN that swap dealers, “… have radically reversed their position (in the silver market).” He also stated, “There is a (massive) battle being raged at that $35 level in silver, just like the $1,800 level in gold. Whichever side blinks first in this is going to experience pain, that’s for sure.”
Norcini has been stunningly accurate in his predictions of the movement of the gold and silver markets. Now the acclaimed trader discusses these incredibly important developments in gold and silver: “What we’ve got going on in these markets right now is a build in open interest, speculative inflows being met with commercial selling and swap dealer selling. It has effectively stalemated the action. What we have now (is a situation) where whichever side blinks first, that’s the side that is going to get hit.”
Dan Norcini continues @ KingWorldNews.com
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