-237,806 volume, and we get slammed. Remember any volume over 200K is 9 times of of ten due to shorting, and Gold will go down these days
-ZERO deposits, ZERO withdrawals, ZERO adjustments going into the first day of notice. LADIES AND GENTLEMEN, THE GOLD COMEX IS NOW JUST AS FUCKED AS THE SILVER COMEX.
-silver OI rose 607 contracts to 137,642 from 137,035 (it rose in a raid, HINT)
-Volume was 100,165 contracts in a raid that did little to quell the rise in silver. Blythe must be murmuring under her voice, "WHAT THE FUCK!"
Both SLV and GLD had no changes, how convenient a day before first day notice.
And now for the biggest news of the day....drumrollllll.....goes to : JPMorgan. They shorted more silver. Not just shorted more, but to the tune of 2077 contracts. Yes, this is correct. They are NOT covering, they are adding more short. How this ponzi will unfold will be EPIC.
I would like to discuss something I observed in the last minutes of trading in our favorite stock, Tinka (TK.V / TKRFF). Someone bought a lot of shares and cleared everything for sale at .62, .63,.64,.65. This happened in the last minute!! Someone was hungry for a lot of shares for some reason. Just remember I told my readers to buy this at .32 cents. You owe me big!
I expect a pullback soon as its getting overextended. Depending on POS, I may buy even more at .52-.56,but the train may have already left that station. I will sell half my position at $1.50 to put into physical and a yacht and let the rest ride the wealth effect.
I have alluded that Monday is CTFC day...and from what my peeps tell me, we should see some sort of position limit implementation. Now, can JPM be granfathered...maybe? But at least it will limit them moving forward. Lets see what happens. I will be back sunday for more posts. Options trading is crazy right now. More to come.
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China sees higher commodities, lower dollar in 2011 (shocking), 300K protesters in London stand off, Greece ready to kick the bucket, illegal now to protest in Egypt (so much for democracy implementation, CHANGE? YES WE CAN!), Japan is melting, Fed Fisher thinks they can stop QE2 early and the market wont go to ZERO.
Thank you for all your kind donations over the last few weeks. My 7 month old is now in position of his first 100 oz engelhard bar! Keep it coming!