This is the 2nd time I have written that title. Last time I wrote that on April 2nd, we climbed another 23% to the May shut down. Now, I'm not saying its going to do it again, but market action, Comex tightness and overall technical analysis tell me we are ready to go in the fall. We could see one last raid, but it will be short lived, and will only serve as a negative feedback loop for those ready to buy that didn't at $33.
Blythe tonight has a larger problem than anyone has been discussing here. Not sure why no one is talking about this as its worse than the March/April issue she had. We have the total number of notices that wish to be served for silver metal standing tonight at 3194 which is 15,970,000 oz WITHOUT options expiry which COULD take it into the 20's.
Will she hand out a bunch of worthless dollars? Sure she will. Maybe this is where Wynter Benton comes into play, lol (sorry had to) and stands strong!
Key levels I will be looking at to ADD to my longs are $42.45, but by the action I saw today there were major bankers unloading at $42. I will be all in soon, meaning 95% metals/juniors/options, 5% cash. By the time the new site is ready, which should be after this long weekend, I will be looking to buy any large red days. So put the stink bids in, free up some cash, its almost Xmas time! The Fall season is looking bright for a fresh round of the Quantitative Easing, Europe demise, and all time metals highs. Get your shit cocked, locked and ready to rock- we make history this fall.
P.s. How could I forget. Good luck buying 1oz Dragons.