If OI rises, there are, historically, deliveries, as people are standing. Why are there no deliveries this month in a delivery month? Ring the alarm, bells whistles should be going off.
There was a meeting today by the CFTC, it was closed doors. They know exactly whats going on.
Here is the problem: They do NOT know how to handle it. Its TBTF.
The COMEX is bust. It will be propped up until the PTB say its bust. Keep buying the fuckin dips. It will get more obvious come June (Gold's most active month) and May for silver.
QE3, or some other BS name or no name or denial altogether is already commencing.
Dont be scared. Hold it in your hand. Because if its not in your hand, you dont own it.
We have options expiring this Friday, which it seems to be every friday these days. Weakness should be felt like a gift now. Embrace it. Trust your instincts, not your CNBC and you will see the light.
I would also like to comment on the options below.
I have a theory. Say you are the morgue and you know silver is not going down. So you get one of your traders to front a $million dollar trade on the $25 SLV put. This causes a stir, and in turn causes others to do the same.
What they dont tell you, is that the morgue is its own clearing house, and that could be its own trader causing the stir. And then when the OI expands and others follow suit, JP can write the calls and make MILLIONS in the premiums as the following days ensue, especially if they can hammer silver a little more as well.
I leave you with this video. Enjoy.