Sorry Im late. Monday nights are fight club. Yup, you read that right.
-Fridays OI rises
-Volume was 101K, and obviously price wasnt hammered, most notably due to friday afternoon 'stripper fridays' below 200K volume, A OKAY!
-Zero deposits, big withdrawals...nothing new here, just more asians draining whats left of this fraud
-March OI falls by 35. But get this, it was b/c of 35 deliveries.
-volume on friday was huge, today was medium. So you are getting to see how JP et al supplies the unbacked paper like its free
-9,165,000 oz still standing in March. I doubt they have enough to settle if all these longs stand resolute. Hi ho Silver.
This is my commentary tonight, taken straight from Harvey, "I would like to suggest that for the first time with half the month gone, that the amount of silver that needs to be serviced is twice the amount of silver serviced.
ie. 3 million oz of silver notices sent down vs 6 million oz still to go.
this has never happened before in any delivery month.
it looks to me like the silver bankers are in severe trouble.
and even if they get through March, they will have to contend with option holders exercising for an April silver contract.
the good thing here is the cash settlements have stopped..
now the bankers must supply or it is over."
I will be posting a comprehensive TINKA update, as things are getting heated up over there with Midas new reco! I hope you have your shares by now...
Look for $34.50's for silver soon, we are rolling and hammer has to be coming from the master of the fuckin world. Get ready for that puke.
QUICK NEWS: Brought to you by my new donation button, or the more conventional way too ;)
Sprott says no gold bubble, John Campbells has ponzi epiphany, BAC is fucked-just give it some time, Japan dumps MOST fiat into one day market than any other in history-yes, shockingly this is more than Ben's, Bahrain rocking out with the cock out, TINKA (TK.V / TKRFF) upgraded to buy on Midas letter to sell at $1.60!!