Silver fiat spot price, which I no longer care about, is ticking up this morning, which is a rarity, considering Blythe's favorite time to short it is, let me look at my watch, oh, right now.
Breaking through and holding $30.50 this week will be a key psychological mindfuck for everyone in the metals. After Tyler's article over at www.Zerohedge.com on COMEX inventories has explained, as well as my most recent Bears video explained, is that the COMEX only has 100 million oz's (is what JP Morgue et all is telling us) but remember this; they have over 700 million oz's of obligations or IOU's so to speak. You beginning to see the problem if people take delivery? And you see the problem if they dont take delivery (spot price uptick(s))?
If you are big spot price hawk, look for the $30.50 price. Oh, and copper is making new highs everyday, looks like a complete cornering of that trade by the Master, good for you.
Out later will be "The SLV Anomalies" Part 1 article, stay tuned.