-OI increases big time to 5834 contracts (Wednesdays figure's- we are always a day behind)
-very low volume, again (theme continues)
-1,130,000 left standing this month for delivery
-OI increase by 1153 contracts
-yesterdays volume was huge at 101,033
-ZERO deliveries, most likely b/c the COMEX has fuck all left in the vaults
-more standing this month at 2,425,000, added another 20K oz's as everyone is holding on for dear life as we head into March.
-BULLISH everywhere here, big big problems for Blythe coming to a theater near you
Congrats to all Silver longs that bought when I told you to! You know how to thank me ;) Dont get too excited. Do not underestimate Blythe. She can walk on water, like Jesus. That being said, the Morgue is in a world of hurt right now. I mean, holy fuck, how could they let this happen? They have been running the greatest ponzi EVER...I guess all great things come to an end...when the populace finally awakes after 40 years of hibernation.
I have some sad news. I texted out to a friend of mine that had a decent amount physical to say, "the day has come, new highs, onto $50!" His response made my stomach tighten up- "I sold a while back." Now, I have no problem with selling for a profit, everyone has to eat and pay bills, but fuck me, we just went through a 2 1/2 month battle in the trenches. This is the power that Blythe holds. This is why I say to turn off CNBC and FOX.
Last night I was sitting in a sushi shop, checking the fiat spot prices, why I dont know even I get caught up sometimes in it, and the 25 year old something behind me was talking to her boyfriend saying, "Did you see cotton today?" To the boyfriends surprise, "No what!?" She went on to say that there is overwhelming demand for cotton now, and that's why the price is at records." This is why everyone needs to turn off the TV. We are fed SHIT and we eat it!
Lastly, I have a 5 month old. I apologize if any of my grammar is fucked up, or if I'm missing blatantly obvious spelling or words...I don't sleep and I also run three businesses. I appreciate all the feedback and comments, lets keep them rolling in. Realize one thing: the real battle hasn't even begun yet; expect a defensive counter attack from Blythe et al, I would be flat out WRONG to say we are going straight to $40, and if we do, that means we are going straight to $75. Buckle up, buy the dips, get it while you can.
QUICK NEWS: You know who this is brought to you by
WTI and BRENT spread is at $16.50-I'm giving that a WOWZERS!, demonstrations in Madison WI are getting interesting, middle east in a big heap of shit now, Portugal Bonds=leprosy, China/Russia selling US treasuries like its the 'clap,' margins dwindling worse since 1979, Cotton surpasses $2, yup that's a two (2), Chinese are now getting silver fever too.