-Front expiry March month OI rises 18 contracts (bullish)
-Thursday Red candle day volume was an ENORMOUS 229,484, bankers provide the unbacked paper for shorting, Friday's volume was 133K and rise in price. See what happens when they short? Massive volume shows up.
-35,899 oz withdrawal from the dealer, very little deposited
-3.241 tonnes standing for delivery (6482 lbs)
-March delivery OI DROPS WITH NO DELIVERIES...right...Blythe dealing out cash fiat paper worthless premiums like little vials of crack-keep em hooked Blythe!
-ZERO deliveries, Massive withdrawal of 317,097 oz, this is out of the COMEX, gone.
-lots of funny adjustments and negative entries and fraud as well
-COMEX could NOT fulfill ANY obligations to settle upon longs standing for the physical yet the OI falls. WELL DONE BLYTHE, keep handing cash out!
-10,895,000 oz still standing, which is great as its bucking the trend
-SLV ADDS 3.253 million oz of physical YET the CANADIAN fucking mint cant even get silver, NICE! I guess they have 1400 little trolls rummaging through the streets of the world finding million and millions of ounces of silver ever night!
Yet SPROTTS NAV is at 18.4 %!!! that deserves a WOWzers! SLV if full of shit. The CTFC is a joke, and its here to protect JPM. Case fuckin closed.
Holy fuck, I dont even know what to say. Commercial banks add 16,669 contracts short. I'm not even going to do the math and convert that into ounces, fuck it.
-Small specs are gobbling up anything they can eat long.
Gooooood news, JPM et al REDUCED 1592 contracts short...they are essentially fucked. Case closed. We will need the DOW and SLV to go to ZERO in order to save them. And get this, small speculators covered a HUGE 5368 contracts.
-Backwardation up again to $1.38!
We need to be cautious here. We have breached $35, but SLV is not at $35, its lower, and the options frenzy has not commenced yet, which should have some impact on lower SLV prices IF they are exercised. Why someone would exercise now is beyond me, but I guess 20% this month isnt bad to lock in. The Weekly Silver chart is now, in my opinion, over stretched, and I would now welcome some weakness and a 2-3 weekly red candles to settle back into the $32-34 range. That being said, the overall stock market needs to sell off, and a short term $US retrace may be in store. If the market cant sell off, and only a nuclear bomb will stop it from going up, expect Silver at $37.30, as the shorts will continue to get fucked up. This may not be the case on this leg up...I would rather take a retrace back down NOW, so we can get all coiled up for April, and another crack at the CRIMEX leading up to May 1st.
Oh I forgot, all this speculation can be worth nothing, if the "Day of Rage" pulls through. We are living in FAST times right now, hope you can keep up!
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