Miner Short Covering… The Fallout

NFTRH & Biiwii's Unique Market Perspectives • Aug 13, 2015 at 4:43 PM EDT

Yesterday we noted the end of day melt up as shorts scattered out of the way of a steamroller.

Yesterday we noted the end of day melt up as shorts scattered out of the way of a steamroller. That was a 3 min. micro chart.

Here is a 30 min. micro chart that is 10 times less micro than the little 3 min. guy. I had a feeling the shorts were panicking at the wrong time at yesterday’s close.

It’s not just a tough market for the righteous and good gold bug “community”. The ‘evil shorts’ in this and other markets are getting whipsawed too. Ain’t it fun?

gdxj

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