I would like to first immediately talk about Israel and the alleged Hamas mortar firing. I called this bullshit pre-emptive strike a month ago, and everyone laughed at me and said I was just being "anti-semitic' and had nothing to do with Silver. You can read my report here on Feb 20 no longer than a month ago Click here
You can view Tylers Article below.
Click here for entire Zerohedge Article
The contagion is now in full effect. I hope you bought the dips and continue to buy the dips. This is the news I have been waiting for, as Israel will now utilize the attention of the Japan Quake/Libya as a cover up to perform illegal operations as usual.
I quote, "Three days ago an Israeli air strike killed two of its members." Did ANYONE hear of an Israeli air strike 3 days ago? Of course not. The tipping point is near as France just declared a full out operation Oil take from Libya as well. Things are not getting better. And Japan is about to melt down. Dont be fooled by the green markets on Friday. I will now get into the metals as I will assume people will barage me with more prejudice and racist comments that they cannot bind me with as I provide proof, and they provide name calling. Fuck you, in advance. I win.
-a grand total of ZERO oz of silver notices were sent down yesterday in this delivery month. I repeat, ZERO. Nuff said.
-straight from Harvey, "Yesterday we had 9,510,000 oz so we most definitely lost 155,000 oz to cash settlements and probably a huge profit to boot. Nobody in the right mind would pluck 100% of the total cash waiting for delivery and then roll to the next month. Because the next delivery month is equal to the current month in cost to the investor due to lack of contango it makes no sense to roll unless you receive your handsome reward."
-4,445,000 needed for March delivery-Yes, the crimex could still be finished soon. This month will surely break their backs, if not finish them.
And Harvey GLD update is priceless:
"we gained a huge 9.1 tonnes of gold "inventory" yesterday. The Bank of England must have been busy moving the gold from one hole to the other. To newbies, the GLD gold is gold that has been swapped with the B. of E whereby the Bank gets cash and the GLD folk get gold. This swap can be unwound at the B. of E's discretion
at any time. Actually, the gold at the B of E is not theirs as well. It has been put on deposit there by individuals like Arab citizens or Qaddafi or Mubarak. It is like you putting money into a bank, the bankers could do anything they like with your money but it is a liability of theirs. Can you imagine when the game of musical chairs ends. As Jim Sinclair states; the bang with the default at the GLD will be much bigger than the default at the gold and silver comex as many shareholders will probably storm the bastille against these bankers when they find that they have been defrauded on the investment in these precious metals."
-Gold commercials shorts covered a MASSIVE 11,883 contracts
-Silver commercials (JPBlythe) COVER another huge 1560 contracts, WOW, this is a change for once.
WHERE THE FUCK IS THE CTFC? Oh right, Gensler is a former Goldman sacks slave. YOU GETTING THE PICTURE YET? I guess we will see March 28 for the water shed announcement of position limits. Right.
Keep an eye on the Libya France invasion, and when Hezbollah allegedly fires rockets into Israel, the Middle East situation will have reached its tipping point. I called it a month ago, remember that.
As usual you know how to thank me via donations, or the easy way ;)
See you soon. And be sure to look at my Tinka Resources report. Have a great Saturday night.