Just read this on Ed Steer this a.m. and it goes a long way in explaining why the markets are distorted imo.

Article:

The biggest problem of all is that technical fund activity is often at odds with real world supply and demand fundamentals. What difference does it make if silver’s long term fundamentals are spectacularly bullish if the technical funds go on a selling binge? If the technical funds sell aggressively and collectively, the price of any market is going lower until that selling is exhausted. This is how these markets work. Knowing that, what’s the long term investor to do? It seems to me that, at a minimum, the long term investor should be aware when the technical funds are in position to sell so as not to be blindsided emotionally.

The run up in gold and lesser run up in silver prices this year was entirely due to technical fund buying, as I hope I have reported all along. After such buying is concluded, the odds rise that the technical funds can or will be induced into selling by the commercials. It’s hard to predict in advance when technical fund buying will be concluded and when the funds may be induced to sell, but that is much more likely after large ownership changes, like now. - Silver analyst Ted Butler: 26 March 2014

Comment:

If algorithms are designed on past history (and what else can they possibly be built on- certainly not Fundamentals or the future), any activity created by these programmes, only distort the fundamentals that are in play at the time, and therefore will distort any future T.A. It's like going around in a circle and finally disappearing up your own A**)

"We live in interesting times"

Good Luck to all!