-more covering by institutions
-48, 500 oz removed from all vaults
-1,123, 900 oz still standing in Feb.
-2.12 tonnes withdrawn from GLD today (bullish) friends helping friends with physical
-Blythe unable to shake the longs
-OI remains the same=bankers could NOT find oz's to satisfy longs
-CRIMEX warehouses juggling metal in and out faster than a Jarvis whore
-SLV sheds nothing again...this is getting very interesting indeed
I would like to elaborate on The Ben Bernanks reality TV show today before said, Fed Payrolled Congress. The one question that caught my attention after looking at that hermit/gerbil quiver for 2 hours, was from some younger guy if I recall, he asked if the stimulus was helping the housing market, which after all was the main cause of this shit, right? What hit me as a Freudian slip sort of, was when Ben said, repeatedly, "we will just raise rates." What is interesting to note, is that they cant raise rates, EVER- well, unless there is massive inflation that will push asset prices higher...but nonetheless, how in Jesus' name, are they going to pay the $1-3 Trillion in INTEREST on the Debt? I'm confident to say this. There is no solution other then the "RESET" button. Houston we have a problem looming like a mother fucker. So where to go from here? More on that in Part 4.
I am doing extensive research on SLV tonight, I need to talk with a few people first before I unleash a rath upon the blogospere.(Maybe some recorded calls to..?"
Major Orange Bank failure commences, Ireland doggy paddling for air, Portugal will remain EU's #1 armpit, CISCO=LEH chart on dead day, Ben on TV again-great performance you duche sac, corn limit up again, and YES EGYPT IS BURNING.
VIDEO TO WATCH: DONT MISS THIS!!