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<p>[QUOTE="-jeffB, post: 26758342, member: 27832"]At the suggestion of someone else here, I took a look at the "XAU" tethered crypto. It's been trending slightly downward all weekend. 24 hour volumes on this token over the weekend are in the $100-200M range - tiny as a proportion of the global gold market, but possibly big enough to be a meaningful signal. Or not.</p><p><br /></p><p>[ATTACH=full]1708650[/ATTACH]</p><p><br /></p><p>There <i>is</i> apparently a silver tether token as well, but it's apparently too thinly traded to give a meaningful signal, assuming it's legitimate at all:</p><p><br /></p><p>[ATTACH=full]1708652[/ATTACH] </p><p><br /></p><p>The tallest volume indicator there between March 9 and 10 was a volume of five <i>ounces</i>. Of silver. Rather, of bit-strings claiming to represent five ounces of silver. The more recent volume bumps were for fraction-of-an-ounce trades. For a few hundred dollars, I could presumably move "the market" by another ten or twenty bucks all by myself. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie11" alt=":rolleyes:" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>
[QUOTE="-jeffB, post: 26758342, member: 27832"]At the suggestion of someone else here, I took a look at the "XAU" tethered crypto. It's been trending slightly downward all weekend. 24 hour volumes on this token over the weekend are in the $100-200M range - tiny as a proportion of the global gold market, but possibly big enough to be a meaningful signal. Or not. [ATTACH=full]1708650[/ATTACH] There [I]is[/I] apparently a silver tether token as well, but it's apparently too thinly traded to give a meaningful signal, assuming it's legitimate at all: [ATTACH=full]1708652[/ATTACH] The tallest volume indicator there between March 9 and 10 was a volume of five [I]ounces[/I]. Of silver. Rather, of bit-strings claiming to represent five ounces of silver. The more recent volume bumps were for fraction-of-an-ounce trades. For a few hundred dollars, I could presumably move "the market" by another ten or twenty bucks all by myself. :rolleyes:[/QUOTE]
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