-20,941 OI gain yesterday, woooo this is big, and was a big reason for new highs
-volume 135,835, and guess what? We went up! Equation is working out so far!
-and for like the 6th day? in a row, ZERO DEPOSITS. PAGING BLYTHE GET ME SOME FUCKING METAL! LOL, like the Bears 1 video said, this is going to go down as the biggest financial scam of all time.
-GLD loses 7.28 tonnes of gold...WHERE IS THIS GOING if not at the LBMA? Bells should be ringing here BIG TIME.
-143,013 OI, jesus. PAGING BLYTHE!! HELP!!! LOL
-Little movement in vaults
Jumping straight into the action here. Something smells like a steamy Blythe Cleveland Steamer at the Gold Comex. We are seeing heavy cash settlements (Illegal, and most would confirm this is already a default). Harvey, explains that hes never in all his metals career seen anything like this before. HUmmmm. Smells like shit? Its b/c all thats left at the Comex is a big J Dimon Log, with a post it note on it saying, "Suckers! Eat my shit!"
We will now jump to the GLD options.
I am seeing some heavy volume in the April 16 contract, but nothing to be alarmed about...seems from todays trading we should punch up a bit more, then see a retracement back down to the $1445 level to retest that breakout level and see if the buyers support it.
SLV calls today had an interesting buy in the Jan 2012 $46 strike. Take a look.
We are starting to win this battle. They could not hold the line as us, the real fucking mcoy's broke through their bullshit. But they will be back, and they will fight with their unbacked paper they never need to cover. In inflation adjusted terms silver should already be at $80-100/oz. I am not happy with $39. Seriously. Dont be buying the physical if you are planning on selling it for this shit paper. This is why I like leverage juniors-b/c as long as Blythe is around, silver will remain undervalued till the entire system collapses. Remember that.
Leave it with this, if anyone is thinking about the QE situation in June. From NIA, "The fact is, with no QE3, we could literally see the 10-year bond yield double from 3.52% to north of 7%, overnight. Even then, it is unlikely to attract foreign buyers and we will likely be faced with failing bond auctions, which would cause a massive rush out of the U.S. dollar and trigger the currency crisis NIA has been predicting. NIA sees no other option for the Fed, but for it to continue on with its endless money printing and destructive inflationary policies"
Quick news: Japans is melting, the ME is still under Israel's media and game plan (Libya now using human shields-sound familiar?), and QE3 is ready, just need an excuse to release the paper. Be ready for the trigger. Keep some cash, and be ready for the next single greatest buying opportunity of this century...well 2nd greatest Netflix was the one that got away.
Thank me lots!