Where are the stops? Thursday, March 26, gold and silver - KITCO
The stops question tells you everything about current market structure. Weak longs are sitting on recent breakout levels, probably around $2640-2650 for gold. Silver's more interesting - those stops are likely clustered below $30 where momentum chasers jumped in. Smart money knows exactly where these levels sit. When they trigger the flush, that's your entry signal. The March timeframe suggests this is about quarterly positioning and options expiry dynamics. Physical demand hasn't changed. Central banks keep buying. The fundamentals supporting this bull run remain intact. Stop runs create the best stacking opportunities because they're mechanical, not fundamental. Watch for the cascade, then back up the truck.