"The Decade of EPIC Begins"
Don't look now, but I'd say she's up.
Oil futures have taken a $3 hit in 7 minutes.
$US under 76 still...looking good here...it will be whippy all day as options do their thing...
Libya ceasefire...oh boy this should be a fun day
@SGS Libya is still burning, the international monetary cartel has imposed a no fly zone and they're sending military jets. One has to wonder, why is the will of the "international community" always the same as that of the international monetary cartel? Some will say "conspiracy", I say, wake up and smell the coffee.It appears Plan A didn't produce expected results so now, it's plan B.This undoubtedly introduces some uncertainty on the price of commodities, but fiat is not something I consider desirable at this time.Silver, get physical!
This is getting stupid. Last week, SLV approaches 36, and shows strength despite a vicious string of raids. The Day of Rage arrives. Within hours, we get a historical earthquake that sends all commodities down, pushing SLV a safe distance from 36.Now, silver again goes vertical, blasts past 35, touches 35.5, SLV looks like it might test 36 again by end of trading today...Voila, a cease fire, within an hour of the vertical jump!We are being fucked with, folks.
I'm still not convinced that gold and silver are going to keep going up. What worries me is the CFTC's March 28th deadline for position limits. One would think that it would be crazy for the banks (assuming JPM and HSBC) to increase their silver futures short position on the COMEX by 5880 contracts (29.4 million ounces) to 25,586 total short contract for 3/1/2011. How on earth are they going to cover all that?My guess is that they'll throw up their hands and cry "too big to fail" and the CFTC will give them an exception. That fucking sucks! This is why I sold 75 percent of the position on each mining stock I own. If I'm wrong and things go parabolic then oh, well, I'll try and get back in on another dip.
We may see a higher price in Ag by the end of the day if the pattern holds--can't have the price too low for the weekend or Joe Four-Pack (inflation adjusted) might decide to buy a ticket on the Ag rocket. I doubt the price will do anything 'newsworthy' for the same reason. Just wait until early next week for the continuing saga of dying fiat FRNs versus the shiny!
I think the Fed, CFTC and JPM are and will still doing their 3some long long long after March 28. There will never be posistion limits until anyone pay DOUBLE premiums for physical.
Also...I agree with Blakely. There are some shenanigans going on here and I don't like what I'm seeing? We'd think that with all the turmoil in Japan and the Middle East we'd see gold, silver, and oil skyrocket. But no. We see the Yen carry trade go KABOOM with the Yen moving up. The BOJ freaks out dumps $400 billion into the markets last week and it did nothing to stop the Yen from appreciating. The G-7 stepped in and intervened by selling Yen. I think the market is proving it's bigger than the banks.
Seems like Encanto released some of their resource estimates. Stock is 10% up. Does not seem like a "watershed moment" though.k20 is too less it seems.But in any case, we never know what market does. Its crazy.
Silver very strong - we may hit $36. Well, Jim Sinclair says that if we cross $1440 on gold & $1.405 on the Euro twice, people are going to start dumping. I still don't know what people would dump dollars for, but these guys have a great track record.
This is interesting:http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_J/threadview?m=te&bn=10073&tid=389248&mid=389248&tof=2&frt=2#389248
Actually, My little blood clot is not in bed with a hangover. It's menopause. All the green dye in the green beer she drank yesterday reacted badly with the Corned Wagyu beef and Japanese Cabbage she had imported for St. Pattys day. Now she is suffering from her first hot flashes. We'll see if she can't pull it together after her Icey Hot enima. Don't all count your chickens before they are hatched. The roller coaster ride this week may not yet be over. When I put a glass to the door this morning I overheard Blight saying that this ride may end like a ride on the Thunderbolt at Kennywood; with the biggest drop at the end.
Hi SGS, EPO's RE 43 101 came out...what are your thoughts?? Thanks
@Adam - I think the post is a fake - check out the user's posting history.
Encanto +22% and raising.....
Thanks for your tips: Tinka, Encanto and Great Western are ripping today. Check out Midway Gold (mdw) and Cytori Therapeutics (cytx). Cytori may be the best performing stock of all in the next 5 years. Not pumping--I own it.
Watersings,I believe that it's been the intention all along to grandfather the big shorts. Just watch. All these shorts will still be there from now on until ALL OF YOU get out of the paper market and stop talking stocks and miners and go to your coin shops to buy physical. They sell you stocks to keep you stuck in paper, period. Even if you only intend stay in long enough to make more money to buy even more physical. Mark my words.SE
lmfao I want an 'I Love Blight's Mom Today' option
DXY isn't leaning on 76 anymore. How low can she go??
I was hoping for a bigger pop from Encanto Potash, the results look good.
Mike, About Encanto Potash: What's wrong with 24.86% in one day? How much more pop could you want?fm
Eva, though in outlines, RE looks great for encanto, it seems they have very less K2O. Thats why it did not move great like 100% if its the case of billions of resources.What I would do is: if I become even or in profits, I will book it and put all into Tinka. Thats a sure bet unlike encanto which is a coin flip.
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freddiemanic, I'm in at .55, so I'm still a bit disappointed in it. I'm still looking for the estimate for their other land, once that comes out it should pop nicely.
Thanks for all the info on Encanto!
wow, what a day. be back later with full updates on EPO, TK...good move today.
Mike,Oh, I'm averaged in lower than that. The estimate on the other land sounds awesome. Let's cross our fingers!freddieamanic
I have a link to Schiff on my blog: The News Unit BlogspotMy thread are huge though you have to go back a few pages. :-)So here we go again: Finishing right here around 35 1/4 now. Too much crazy news variables going on though so it could remain potentially volatile. We'll see.....