What a day. I am in the mood to write so I wont stop. I am coming across so much information its starting to dizzy me. The first article below explains how Washington just blew through some doe..."That increase puts the government already remarkably close to the new debt limit of $14.694, which means one day’s new borrowing ate up 60 percent of the $400 billion in space Congress granted the president this week." LOL. I guess this is normal.
Click here to read the rest of this lunacy...
Today was a an interesting day. In fact, silver got slammed so hard I had to say out loud, "Silver dropped $3 from $42, and Gold fell $15 from one thousand six hundred and eighty"
Say it out loud with me now. How fucked does that sound. That daily candle is not liquidation. Its manipulation. Down 7.5% and gold down .5%? Ya. Okay.
When SLV bottomed out I bought the Oct 22 $41 call AND the Aug 12 $35 PUT. I have NO IDEA what tomorrow lies will be spewed out of the official number, but shorts are either going to get pumped, or Shalom Benny is going to have to step into his helicopter soon.
Back to silver as every time I think about it its starting to annoy me to the point where my fuckin blood starts to boil. Look at the chart below. Why Silver? Why couldn't cocoa or oats for fuck sake be last place? You know the answer to that rhetorical question.
So for tomorrow, we should regain some of that red candle as the BS # comes out. Bad, good, doesnt matter after that day we just had, I think we go up tomorrow in the PM's. That being said, the globex might have other things in store and margin hikes might be coming out of the woodworks. Stay cautious, Jackson's corn Hole is just around the corner. Those that stay the course will be rewarded.
Thank me lots, 'donations' per se have been light so to speak. I am putting everything into the new site. You will get it all back. Thank you to those who donated today