Below is a chart of ZSL. The 2x inverse Silver ETF. Look at the spike in volume in this ETF! Did a ton of investors step forward and attempt to short Silver before any support was taken out?
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Mr. Markets made goal is to fool the majority of investors. Did a ton of investors take a position to short Silver before any support lines were taken out and are now paying the price? Could the quality rally in Silver the past couple of days have something to do with the unwinding of investors positions who bought into ZSL? In other words, was the volume spike in ZSL reflective of too many bears in this product?