So it looks as though the Master is keeping the comex inventories afloat with the transfer of SLV/GLD certificates. This should be of no surprise to anyone. This defacto default has been sustained with said certificates to begin with. So as of now my call for a complete wipeout of comex inventory around July 7th looks a little off right now, as the paper is flooding the comex and settling that way. Thats okay. This too will blow up.
On to more important things then the comex. Greece. Now I dont want to regurgitate the obvious here as many of you already know what happened. The fact of the matter is that the can was kicked for Greece, BUT Italy, Ireland, Spain, and several others are now approaching their can again...its within striking distance.
The can will be visible again around August, and thats when the fun and games will start again with silver and gold.
I bought more PHYZZ today. My new saying, and should be yours too, is "A tube a day keeps the doctor away." Now many of you cant afford to buy a tube a day, thats fine. But if you have not been averaging at these prices a tube every 2 weeks, you are in grave danger.
I have taken the week off the trading desk, as their is really nothing to trade other than thin air, some algos and bots, and bad charts. Sometimes the best trade is not one taken at all.
I would now like to take the opportunity and ask if you see anything wrong with this. Click here...
Moodys is a joke. Its part of the round circle ponzi. How the FUCK can you only lower US debt to Aa if they default??!! Case closed.
Keep stacking the phyzz. Thank me lots.
I will try to answer questions tonight.
Also, I am in talks of switching the blog over to my old .com website in which we will be able to better moderate trolls, chat, and topics and forums etc. I feel there is way too much talent and knowledge here to be buried in the comment sections here.
More to come later. Stack it high! (and hide it well).