tag:blogger.com,1999:blog-34586620321961575282024-03-12T20:31:46.167-04:00silvergoldsilver"The Decade of EPIC Begins"silvergoldsilverhttp://www.blogger.com/profile/10732783832338768734noreply@blogger.comBlogger887125tag:blogger.com,1999:blog-3458662032196157528.post-62200355978687195372011-10-08T08:31:00.001-04:002011-10-08T08:31:10.419-04:00THis Blog has Moved to www.silvergoldsilver.com!Click below!!<br />
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<b><a href="http://silvergoldsilver.com" target="_blank">www.silvergoldsilver.com</a></b>silvergoldsilverhttp://www.blogger.com/profile/10732783832338768734noreply@blogger.com0tag:blogger.com,1999:blog-3458662032196157528.post-66446133109412458522011-10-08T08:29:00.000-04:002011-10-08T08:29:14.882-04:00THis Blog has Moved to www.silvergoldsilver.com!Click below!!<br />
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<b><a href="http://silvergoldsilver.com" target="_blank">www.silvergoldsilver.com</a></b>silvergoldsilverhttp://www.blogger.com/profile/10732783832338768734noreply@blogger.com0tag:blogger.com,1999:blog-3458662032196157528.post-61617919456007841992011-10-07T08:31:00.000-04:002011-10-07T08:31:30.086-04:00SRSrocco's Report: Silver Update<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjjZMgpiKUnhafWhzpz6OButBkLYWEAFlvoTFjjD4G2ClzO36J3lfLlWC4-UMYJq6G4VTBdUzLlyxNdKliME2TsC4jE5-VD8b5DuJ-SqcrlOuey7XeNxPQatlHNWFdGfZemXKiDMHFUwqc/s1600/srs1.jpg" imageanchor="1" style=""><img border="0" height="216" width="320" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjjZMgpiKUnhafWhzpz6OButBkLYWEAFlvoTFjjD4G2ClzO36J3lfLlWC4-UMYJq6G4VTBdUzLlyxNdKliME2TsC4jE5-VD8b5DuJ-SqcrlOuey7XeNxPQatlHNWFdGfZemXKiDMHFUwqc/s320/srs1.jpg" /></a></div><br />
After the big selloff in silver over the past two weeks, the commercial net short position has dropped to levels almost as low as they were in Nov 2008 when silver was at $9.00 an ounce. The COT Report shows these figures on every Friday from positions held on the close of trading on Tuesday. There are several categories of traders, but the most important are either the Large Speculators or the Commercials. The large speculators are big hedge funds and etc. The Commercials are the bullion banks themselves. JP Morgan is famous for holding the largest percentage of Commercial shorts of all the banks.<br />
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In these two main categories, there are LONG and SHORT positions. If someone is long, they want to price to head higher, if they are short they are hedging their positions or they want the price to go lower. When there is a great deal of short positions, it normally means the price will be heading lower at some point. When the total short positions are low, the opposite is true.<br />
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In the graph above the term LCNS stands for subtracting the Commercial Longs from the Commercial Shorts, which gives us a Commercial Net Short Position. Here we can see that after the big selloff, the <b>LCNS</b> is now almost as low as it was in 2008. Now that a good percentage of the LCNS have been liquidated, a firm bottom may be taking place.<br />
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Also if you notice over the past four years the LCNS line (blue color) has been above the price of silver line (Pink color)…especially when silver hit $21 in March of 2008. That trend is now firmly below the silver price line and I believe it will remain there until we finally get our COMEX SILVER DEFAULT.<br />
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<b>Silver Eagle Sales Continue to Fly off the Shelves</b><br />
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<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh7f6z96Ni_MRW9TlX-v6NiDPqrmvrz6cVfxmXA7ZnTwuue-N2Hy7MVbHpWhGvhTepD7XXzh-aAx00tyv5Q_6PGeXuTfZTI7hpw8XQusjLs2RA1hoeKxqKpZ3sAOw466rO3FdesXUPrmQI/s1600/srs2.jpg" imageanchor="1" style=""><img border="0" height="320" width="234" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh7f6z96Ni_MRW9TlX-v6NiDPqrmvrz6cVfxmXA7ZnTwuue-N2Hy7MVbHpWhGvhTepD7XXzh-aAx00tyv5Q_6PGeXuTfZTI7hpw8XQusjLs2RA1hoeKxqKpZ3sAOw466rO3FdesXUPrmQI/s320/srs2.jpg" /></a></div><br />
October turned out to be the second best sales month behind Jan. Already in the first three business days of Oct, the US Mint sold over 1 million silver eagles. This averages out to about to 330,000 silver eagles sold by the US Mint a day. If the price of silver falls from here, we could see that daily sales figure move upwards of a half a million. Even at an average of 200,000 in October, that would be over 7 million for the month. I don’t believe the US Mint has this sort of capacity. So, if the price of silver continues to fall to the $26-$27 level, I would bet the US Mint will have to suspend the sale of the Silver Eagles until 2012.<br />
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The United States produced 38.5 million ounces of silver in 2010, and it looks like the US Mint just might sell over 40 million silver eagles in 2011….more than the total U.S. domestic supply. Some have said that by law the US Mint must use silver mined in the United States. This is no longer true. I spoke with the Public Relations person at the US Mint a few weeks ago and he told me that in 2002, the Senate came up with a new law that allows the US Mint to purchase silver for their rounds from other sources. <br />
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The authorizing legislation for the American Silver Eagle bullion program stipulated that the silver used to mint the coins be acquired from the Defense National Stockpile with the intent to deplete the stockpile's silver holdings slowly over several years. By 2002, it became apparent that the stockpile would be depleted and that further legislation would be required for the program to continue. On June 6, 2002, Senator Harry Reid (D-Nevada) introduced bill S. 2594, "Support of American Eagle Silver Bullion Program Act," "to authorize the Secretary of the Treasury to purchase silver on the open market when the silver stockpile is depleted." The bill was passed by the Senate on June 21 and by the House on June 27 and signed into law (Pub. L. No. 107-201, 116 Stat. 736) by President Bush on July 23, 2002 (source-Wikipedia)<br />
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<b>Peak Silver Article Finished & will be Released when the New SGS Website is Up</b><br />
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The article turned out to be 26 pages long. There are over 20 graphs and charts with plenty of detail on where we are heading with global silver production. Many analysts say global silver production will increase for the next decade. If we get that Depression in the next year or two…which I believe we are, all bets are off for increasing silver production. <br />
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This might seem bearish for the price of silver as the so called “DEFLATIONISTS” keep regurgitating this over and over. Very few analysts realize we are heading into a Hyperinflationary Depression…and not a deflationary one. It’s fricken hilarious to hear on CNBC and etc that this week is deflationary because Ben isn’t printing money…or next month will be inflationary because he is. That is all BS folks. Don’t forget what the biggest aspect of hyperinflation is….and that is the <b>“LOSS OF FAITH IN THE CURRENCY”</b>. You don’t need continued printing to make inflation…you just need loss of confidence and the whole house of fiat cards comes tumbling down.<br />
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It’s time to get your physical silver before the rest of the world wakes up from the nightmare that nicely printed Monopoly money and US Treasuries and not safe havens, but rather a Ponzi scheme several hundreds of thousands of times worse than Bernie Madoff.silvergoldsilverhttp://www.blogger.com/profile/10732783832338768734noreply@blogger.com84tag:blogger.com,1999:blog-3458662032196157528.post-42452399211269597352011-10-07T00:18:00.002-04:002011-10-07T00:18:37.952-04:00I love banks<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh5EP4qerj5bH1L7iSR1ZO4xlF7j8gOg7tajBrf9RmR0t8GmcHeCCWnD2TigaKSprNvG6KwJ6LquC6_fD_CHneYWIIvTAZdHHi3gvLC-kgBjWocjVvs_mVALZXc9i9piYwGl-pJpUTn4BY/s1600/banks.jpg" imageanchor="1" style=""><img border="0" height="207" width="320" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh5EP4qerj5bH1L7iSR1ZO4xlF7j8gOg7tajBrf9RmR0t8GmcHeCCWnD2TigaKSprNvG6KwJ6LquC6_fD_CHneYWIIvTAZdHHi3gvLC-kgBjWocjVvs_mVALZXc9i9piYwGl-pJpUTn4BY/s320/banks.jpg" /></a></div>silvergoldsilverhttp://www.blogger.com/profile/10732783832338768734noreply@blogger.com15tag:blogger.com,1999:blog-3458662032196157528.post-61201900680542839942011-10-06T19:57:00.003-04:002011-10-06T20:11:22.705-04:00No title needed. Yawn.While the rest of the world in Canada watches the opening NHL game Montreal vs Toronto, I will spend some time on here and take a look at what the hell is going on, as to calm some confusion and offer some hope.<br />
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Firstly, today I presented a few trades, and literally pin pointed the SLV long today...follow the minute chart, I told you guys to buy after a breakout over the $30.35. At first attempt, it hit the .35 and then they smacked it in the early session, then we broke out and everyone should have enjoyed that profit of 3-4% within hours. I also notified you about the SVM trade and it riding the MA. I would now also like to point out that if its such a massive mega fraud, why has the short interest declined from 22 million to 1 million in 2 weeks? Right, go back to my Shorting 101 article. Those who pitched your calls or longs you live and learn. Even when my calls were down 80% on it, I never pitched all of them. There is a time and place for selling, I doubted from the first sniff at the anonymous letter that it was all bullshit. Hopefully KPMG can release their findings and put this to rest so we can see $20 by year end if the equity market doesn't go to zero first.<br />
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So what happened to all my bearish bank stocks? Like TD, MS etc. Well, not even I can forecast an equivalent of $1 trillion being printed by the ECB today. Whenever you have central bank intervention in the 'free' markets, your plans go to shit, you eat short term losses and move on. Although the overall downside channel trend remains intact for the financials, it will be tomorrow's BLS # that separates the men from the boys AND will start the next leg movement EITHER way.<br />
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Today Tinka touched an intraday of .26 cents, when yesterday I bought some .25's. 28% today later I thank anyone who pitched them into my bid. I told you that the bid would get aggressive on THURSDAY. I guess today was THURSDAY not yesterday's Wednesday, THURSDAY. Again, Tinka's results were based on holes that are NOT being drilled on the chimu land. People who placed their bets and lost move on, those that are in now or remain resilient, lets see what happens. All juniors got smoked the past few weeks. Tinka was never going to be an exception to this junior tier liquidity rule. They never do, ever. So lesson learned in junior mining shares.<br />
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The physical metal scene has been working exactly like I said it would on its negative feedback loop. A quick eye would see that the customer withdraw at the comex today registered a 1,052,240oz. Not bad, havent seen this in a while.<br />
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As I type this I am looking at the finished <b>new site</b>. <b>Its done</b>. Testing is commencing. My programmer pulled through, and we are doing our best to get this live asap. I'm not going to give a time or day, just know at any time you refresh this, the live link may pop up and take you off to the virtual play ground...we will be giving away some silver maples, and you will be notified on how you can accumulate your phyzz stack (hint hint).<br />
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So off I go to get this thing wrapped up. And as a reminder, all irrational low volume exuberance ends badly. Dont make the mistake and by the tops of descending channels. Let it break out WITH some fabricated good news, let it come back down and support its breakout, then trade it. Dont chase charts.<br />
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Got Volcker rule? Will never happen, but there is always a glimmer of hope for the good guys..<a href="http://www.businessweek.com/news/2011-10-06/volcker-rule-puts-short-term-trades-under-more-scrutiny.html" target="_blank">Click here to see article...</a><br />
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Those thinking the the world is saved today, here you go:<br />
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<iframe width="500" height="315" src="http://www.youtube.com/embed/6UGDTtqklSo" frameborder="0" allowfullscreen></iframe>silvergoldsilverhttp://www.blogger.com/profile/10732783832338768734noreply@blogger.com40tag:blogger.com,1999:blog-3458662032196157528.post-81315057437024582992011-10-06T09:52:00.004-04:002011-10-06T09:59:36.578-04:00Ron Paul openly mocks the Fed, the Audits completed are useless<iframe width="420" height="315" src="http://www.youtube.com/embed/MfXPezvwE0w" frameborder="0" allowfullscreen></iframe>silvergoldsilverhttp://www.blogger.com/profile/10732783832338768734noreply@blogger.com59tag:blogger.com,1999:blog-3458662032196157528.post-24674939028569678272011-10-06T09:31:00.003-04:002011-10-06T10:03:02.761-04:00Quick trade on the SLV/SVM & GLD MACDAnyone looking to scalp a few pennies LONG, anything above the $30.35-30.99 on SLV could be decent on a small rally today. If not, we go down. ECB printing another $1trillion does not hurt us. BE quick on the keys! Newsflow is intense these days and directions change very quickly.<br />
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<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh0TXAu3TYsl01birs4tFBYbENqBCXVknHKlpzhGhQAifCnmmD0Gu_U2cDeuzDGOoFoq0trN-QbTiPhfdpYWmHlFR3r45wNf1QS4tQghBTzUxeHrTcf1wXpsSX5RMOVJ6BwWbzYnuDnIVU/s1600/slv.jpg" imageanchor="1" style=""><img border="0" height="158" width="320" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh0TXAu3TYsl01birs4tFBYbENqBCXVknHKlpzhGhQAifCnmmD0Gu_U2cDeuzDGOoFoq0trN-QbTiPhfdpYWmHlFR3r45wNf1QS4tQghBTzUxeHrTcf1wXpsSX5RMOVJ6BwWbzYnuDnIVU/s320/slv.jpg" /></a></div><br />
SVM is also looking interesting. It is hitting the MA and has broke a decent trend line. There ill be a battle here today especially if POS turns up.<br />
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<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiK7zlB5iHnHe4ss2qTpuHrUGBriCUqhmifSspGWkJmrmDi0cDtGI4Xluw5EipEDlSUxfFLAI6BCQY5UmwtTtFFvdyWtPg88ZeCeCCdMvnhlx70npCZdHmx1TV6LSvzv-_r_POmJpCL3mw/s1600/svm.jpg" imageanchor="1" style=""><img border="0" height="182" width="320" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiK7zlB5iHnHe4ss2qTpuHrUGBriCUqhmifSspGWkJmrmDi0cDtGI4Xluw5EipEDlSUxfFLAI6BCQY5UmwtTtFFvdyWtPg88ZeCeCCdMvnhlx70npCZdHmx1TV6LSvzv-_r_POmJpCL3mw/s320/svm.jpg" /></a></div><br />
GLD is also looking like the MACD is ready to turn up and the formation allows for this. Place your bets! And watch out for the employment numbers tomorrow!<br />
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<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhgzRhJu7nKwLAcmGHVNFwVBhkyQ8KqbZURm9_f7PqMNTSYvGrbIpUHxXIkUCSVSt-u9REnRkcC8jPvQ8xLjiL5o6xiUPBwHxos8hMxRfM5y-TdeDheR3dxFD55wxAXwdX01DJo7mDTMkA/s1600/gld.jpg" imageanchor="1" style=""><img border="0" height="254" width="320" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhgzRhJu7nKwLAcmGHVNFwVBhkyQ8KqbZURm9_f7PqMNTSYvGrbIpUHxXIkUCSVSt-u9REnRkcC8jPvQ8xLjiL5o6xiUPBwHxos8hMxRfM5y-TdeDheR3dxFD55wxAXwdX01DJo7mDTMkA/s320/gld.jpg" /></a></div>silvergoldsilverhttp://www.blogger.com/profile/10732783832338768734noreply@blogger.com12tag:blogger.com,1999:blog-3458662032196157528.post-60476765153531428562011-10-05T18:14:00.002-04:002011-10-05T20:40:14.404-04:00Guest Post: Dear James Gorman (CEO of Morgan Stanley),<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhv42rErqIq8pgiWFLODSHHbR45o7sjyECPwizSGR0I0oFBNYmUVtLGzrqhFH2HzeJ4v9x5sS4g3oLB7k05MsBZz_trwCZ1aL8UUDAYCZOGu84SiFVQC7p4Pd3Qu_hqvq6c6LxsEWzLjAY/s1600/james.jpg" imageanchor="1" style=""><img border="0" height="128" width="227" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhv42rErqIq8pgiWFLODSHHbR45o7sjyECPwizSGR0I0oFBNYmUVtLGzrqhFH2HzeJ4v9x5sS4g3oLB7k05MsBZz_trwCZ1aL8UUDAYCZOGu84SiFVQC7p4Pd3Qu_hqvq6c6LxsEWzLjAY/s320/james.jpg" /></a></div><br />
"I am writing you because, I think you are lying. In a memo to your employees you wrote: <br />
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<i>"Over the past few weeks, there has been an enormous amount of confusion and misinformation about Morgan Stanley and others in our peer group. In fragile markets, where fear triumphs over common sense, these things are bound to happen. It is easy to try to respond to the rumor of the day, but that is not usually productive. Instead we should let balanced third parties do their own analysis and let the facts speak.<br />
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To help you wade through the maze of numbers and information, it might be worth reading two analyst reports that were published this morning. One is from Howard Chen at Credit Suisse that examines Capital, Funding and Liquidity at Morgan Stanley and Goldman Sachs and, in some detail, highlights the dramatic improvement to our financial strength over the last three years. The other is from Matthew Burnell at Wells Fargo, who writes about Eurozone and Derivative exposure for the sector and plainly underscores that our exposure to the Eurozone and France in particular is not a concern.<br />
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I encourage you to stay focused on your job, remember that we are a client-focused Firm and do what you need to do to help our clients navigate this turbulence. It is in times like these when our professionalism, <b>market wisdom</b> and client focus are truly valued."</i><br />
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If you truly gave a shit, and were not a coward, please come out on national television or have an interview with Maria Barfaromo and tell your employees, share holders and board of directors that everything is fine. I am begging you. Stop hiding behind the Lehman computer screen doors and make your presence on camera so I as a shareholder can stop shitting my pants. You have done NOTHING other then condemning Zerohedge and other 'anonymous' truth-seeking blogs. Swear on your mothers grave on live TV and stop the selling, or you, Wall Street, and the entire future financial collapse will be on your head, not mine. And this time, we will come looking for our money one way or another."<br />
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I gotta love receiving these emails. It gives me that funny cozy feeling inside.silvergoldsilverhttp://www.blogger.com/profile/10732783832338768734noreply@blogger.com28tag:blogger.com,1999:blog-3458662032196157528.post-48721011631913724822011-10-05T17:42:00.001-04:002011-10-05T17:43:45.949-04:00The difference between Occupy Wall Street movement & the Greeks whos balls are huge not like tiny peanutsI will NOT support the Wall Street Movement until it looks like this:<br />
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<iframe width="420" height="315" src="http://www.youtube.com/embed/w8jLy0jEAOk" frameborder="0" allowfullscreen></iframe>silvergoldsilverhttp://www.blogger.com/profile/10732783832338768734noreply@blogger.com16tag:blogger.com,1999:blog-3458662032196157528.post-31220117840274395392011-10-05T12:48:00.001-04:002011-10-05T12:48:10.591-04:00SIlver Update<iframe width="500" height="315" src="http://www.youtube.com/embed/J5n7ldnEh90" frameborder="0" allowfullscreen></iframe>silvergoldsilverhttp://www.blogger.com/profile/10732783832338768734noreply@blogger.com35tag:blogger.com,1999:blog-3458662032196157528.post-9456978570885102672011-10-05T08:04:00.003-04:002011-10-05T08:11:38.552-04:00Trust that gut!Yesterday I took out a few SLV PUTS, but covered 3/4 of them on that idiotic rally from 3-4. Kicking myself now as the metals have gapped down significantly. ALL OTHER COMODS ARE HEAVILY IN THE GREEN.<br />
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Un-fucking-real.<br />
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I guess there was another 'liquidation' at 3 am sharp! I'll be back for lunch. Let see how this plays out.<br />
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Again, if you think this is the bottom, or just want to park some fiat and buy bullion and forget about it, you can use my discount: sgb-sgs <a href="http://silvergoldbull.com/s/" target="_blank">www.silvergoldbull.com</a><br />
If you are yankee, change the currency Flag at the top to USA baby! Thank me lots!silvergoldsilverhttp://www.blogger.com/profile/10732783832338768734noreply@blogger.com16tag:blogger.com,1999:blog-3458662032196157528.post-81657185093365000312011-10-04T20:34:00.001-04:002011-10-04T20:35:49.784-04:00Am I in 2008 Lehman days?Where to start. Well, lets start with an update on the site. After speaking with my programmer everyday for 3 straight months, he has almost puked up him liver, so I hear. The frustration boils within me.<br />
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Tinka came out with its first 5 drills today, and of coarse the near sighted moronic daytraders dumped some because they 'didnt hit the outstanding grades." First off, those drills were not even from the Zone 1 land which already encompasses the 43-101, especially they HAVE NOT BEEN DRILLING ON TOP OF THE CHIMU. Fuck, I have to spell it out sometimes. They are moving the drill there now, and with the revised 43-101 with the decreased cut off grade, selling this here is either incredibly smart or incredibly stupid. After getting off the phone with the big boys, they mentioned that the overall market sucks right now, which I agree and will bring down ALL stocks, especially juniors which I have been saying for 2 months now. The good thing they said was Tinka is FULLY FUNDED, and drilling is still moving along now to start testing the Chimu. IF YOU CANT HACK 50% up and down in junior mining stocks, SELL IT on open tomorrow please and move on. Its funny how all the questions come out when we go down from .50-.25 but no one says a single word from .25-.75, funny how that it. I remain extremely long. The bid will get aggressive into Thursday. This is a turtle race sometimes and now that the market is sucking the liquidity out of the TSX, the juniors are first up for liquidation. ALL JUNIORS WENT DOWN TODAY. Look at GPL. Nuff said. Is it done? Who knows.<br />
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I was extremely active on twitter today. Most saw that I closed out my XOM PUT today with a healthy 120% gain since Thursday. I also initiated an SLV PUT at 2:45 today. Great fuckin timing that was as the SP catches a 4.1% bid in one hour. Right. On what? OH right more rumors of some bank being bailed out that I dont even remember the name of it. So I lightened that up by 75% and keeping the others encase Blythe has something up her sleeve for the rest of this week. SO yes I took a loss on that, small and quick. I also told people to start looking at TD bank. That morning short was a joke, I'm assuming people made something on that.<br />
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I was perplexed at the Ben Bernank today. Quiver lip and all, he managed to still say THEY ARE NOT PRINTING ANYTIME SOON. If you didnt hear that, go back and rewind the tape. HES NOT PRINTING. They need more carnage. More pain. More begging. More crying. More middle class death and poverty.<br />
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Wall Street knew this. So how do you save a dieing breed? Just make shit up. Go back to 2008 when Lehman was failing. Do you know how many times that went up and down 10-20% daily like Margin Stanley is doing now? Its playing out again. Its the last bastion of hope. We might rally to the MA or the trend line now and keep going down this death trend lower in between those lines. They are just buying time with hollow stories. Its 2008 all over again.<br />
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This brings me to the metals. Thus far all the major metals names have been wrong. They were all planning on the printing presses being turned on full blast. Embry today came out and said silver is full retard. Sucked dry. He thinks its a bottom. Either way I purchased 10 more monster boxes last week. Regardless if we go lower or not. In fact I wouldn't mind it to go lower, my PUTS will pay out and I will buy more. See thats the beauty of stacking the phyzz, you dont sell it-yet!<br />
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And if I see another 1980's comparison of gold and silver again saying its the same thing, I will have a snap show.<br />
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I have to go and see WTF is going on now with the site. My blood is boiling.silvergoldsilverhttp://www.blogger.com/profile/10732783832338768734noreply@blogger.com41tag:blogger.com,1999:blog-3458662032196157528.post-15112381388746835522011-10-04T16:17:00.000-04:002011-10-04T16:17:24.661-04:00Ron Paul on Auditing the FedAm I in Disney Land?<br />
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<iframe width="500" height="315" src="http://www.youtube.com/embed/dtcW6FWk1og" frameborder="0" allowfullscreen></iframe>silvergoldsilverhttp://www.blogger.com/profile/10732783832338768734noreply@blogger.com17tag:blogger.com,1999:blog-3458662032196157528.post-61766887770932470962011-10-04T16:04:00.000-04:002011-10-04T16:04:47.685-04:00Dont be fooled...Today I saw an incredible rally from 3-4, quite opposite of what I saw coming when Ben was talking, but this is how the crooks get their money back within an hour. Dont be fooled. This will all go away after the irrational HFT exuberance fizzles by thursday's MA/trend hits.<br />
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If you traded the 3-4 session, congrats! You've popped your cheery! <br />
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Dont worry Lehman did this a few times before it went to zero...<br />
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<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg-HW2vBWeqc_rqNkqsxlPwoIM5MDDNlCNMRr1h_tmOjIOMOKlHBhu5xmu1BXlvHpHWnNsbmmV4c5fk5MFVThsBLZfVJXKf0ehdtwr_GUuLs2dPraY9CgXIlQcbSeW1C4OpJFbxTozVRp8/s1600/ms.jpg" imageanchor="1" style=""><img border="0" height="278" width="320" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg-HW2vBWeqc_rqNkqsxlPwoIM5MDDNlCNMRr1h_tmOjIOMOKlHBhu5xmu1BXlvHpHWnNsbmmV4c5fk5MFVThsBLZfVJXKf0ehdtwr_GUuLs2dPraY9CgXIlQcbSeW1C4OpJFbxTozVRp8/s320/ms.jpg" /></a></div>silvergoldsilverhttp://www.blogger.com/profile/10732783832338768734noreply@blogger.com11tag:blogger.com,1999:blog-3458662032196157528.post-65105907710230046942011-10-04T11:00:00.003-04:002011-10-04T11:15:44.815-04:00Tinka ResultsVANCOUVER, Oct. 4, 2011, 2011 (Canada NewsWire via COMTEX) -- Tinka Resources Limited (the "Company"), (TK) (frankfurt:TLD) (pinksheets:TKRFF), announces the results from the first five drill holes testing the Ayawilca zone on the Company's wholly-owned Colquipucro silver-zinc-lead property, west-central Peru.<br />
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<b>All holes intercepted altered siltstones and fine to coarse grained sandstones, randomly crosscut by semi-massive to massive sphalerite veins and intervening stringer and breccia style pyrite-sphalerite and minor galena mineralization.</b><br />
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Mineralized intervals, dominated by sphalerite, included:<br />
<br />
<br />
The rig is currently drilling immediately to the east of the main target area to test for mineralization at depth; it will then move to the northern end of the main zone for further drilling.<br />
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On completion of the Ayawilca drilling program the rig will move to Zone 1 to drill the northern extension of the NI 43-101 compliant resource.<br />
<br />
Mr Carter said; <b>"This is a positive result as it confirms that there is mineralization in areas other than Zone 1 at Colquipucro and the possibility of defining further resources. The priority now is to complete the drilling at Ayawilca and recommence drilling at Zone 1 to test the northern extension".</b><br />
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___________________________________________________________<br />
<br />
VANCOUVER, Aug. 4, 2011, 2011 (Canada NewsWire via COMTEX) -- TSXV - TK; Frankfurt - TLD; Pinksheets - TKRFF<br />
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Tinka Resources Limited (the "Company"), (TSXV - TK; Frankfurt - TLD; Pinksheets -TKRFF). The Company advises that diamond drilling is continuing at its Colquipucro silver project, west-central Peru. The fourth hole, of a planned program of ten holes at the Ayawilca zone was commenced this week.<br />
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All core is being logged and split on site under the supervision of Tinka geologists, with sampling done on two metre intervals, and samples are being transported by company staff to the laboratory in Lima, Peru. Analytical standards and blanks are routinely introduced in the sample suites sent to the laboratory. Results will be released once they have been received and reviewed.<br />
<br />
Following the completion of drilling at the Ayawilca zone, the drill rig will be moved to Zone 1 to test the northern extension of the NI43-101 compliant resource.<br />
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At Tibillos, the Company´s copper porphyry project south of Lima, work is commencing on the preparation of access roads, pads and accommodation. Due the lack of availability of reverse circulation drill rigs, the first six of the eighteen permitted holes at Tibillos will be completed using a diamond drill. Drilling will commence as soon as the construction work is completed.silvergoldsilverhttp://www.blogger.com/profile/10732783832338768734noreply@blogger.com32tag:blogger.com,1999:blog-3458662032196157528.post-32651807688704744622011-10-04T09:09:00.002-04:002011-10-04T10:45:21.019-04:00WARNING: (UPDATED)Be very very careful here. I have warned several times in the last 6 weeks about being long ANYTHING.<br />
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Right now Margin Stanley is trading under $12 premarket down 4.5%. This is the start of the next crash.<br />
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I will be looking at the Canadian banks today, especially TD to put on new trades.<br />
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I may close out 75% of XOM PUT as it sitting on the $70 premarket right now, for a 4 day profit of 100%. Whoever saw this trade live (Chalmers I think!) is a classic example of channel trading off the MA FJ candle.<br />
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The domino can fall at any moment. BE CAREFUL. You've been warned.<br />
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<b>UPDATED: BEN IS TALKING RIGHT NOW ALL BETS OFF. BE QUICK ON THE KEYS!!!</b>silvergoldsilverhttp://www.blogger.com/profile/10732783832338768734noreply@blogger.com19tag:blogger.com,1999:blog-3458662032196157528.post-38808511682959852822011-10-03T22:38:00.001-04:002011-10-03T22:39:40.599-04:00And it starts. Qatari wealth fund plans $10bn gold buying spree. Arnt they buying the top of the bubble?"Qatar Holdings have done a systematic and detailed study of the gold sector," said Ken Costa, who put the deal together. "They chose European Goldfields because [chairman] Martyn Konig is very experienced – a 30-year veteran in the gold market." <br />
<br />
<a href="http://www.telegraph.co.uk/finance/personalfinance/investing/gold/8802793/Qatari-wealth-fund-plans-10bn-gold-buying-spree.html" target="_blank">Click here to see entire article...:</a>silvergoldsilverhttp://www.blogger.com/profile/10732783832338768734noreply@blogger.com16tag:blogger.com,1999:blog-3458662032196157528.post-91543834562722913212011-10-03T22:04:00.000-04:002011-10-03T22:04:12.183-04:00ALex Jones goes apeshit, sweating and panting<iframe width="500" height="315" src="http://www.youtube.com/embed/UOqlpVkZJME" frameborder="0" allowfullscreen></iframe>silvergoldsilverhttp://www.blogger.com/profile/10732783832338768734noreply@blogger.com35tag:blogger.com,1999:blog-3458662032196157528.post-50812606209206021422011-10-03T20:06:00.002-04:002011-10-03T20:09:23.247-04:00Margin Mondays!I have been away all day. I was promised promises. None came through. My programmer is missing (in a hospital I hear?), and the new site lays in limbo. So I will do my commentary on here, extremely bummed until I get that phone call. So to those that were hoping for a site today, sorry. I will know more later tonight. I apologize that I have cried wolf on this like 20 times, but I am at the mercy of the computer literate right now that, so I have been told, one month longer on ANY website deadline should be added as a rule of thumb. So any day now I guess. Fuck sakes.<br />
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Again, if I do not comment throughout the day I keep very busy on the twitter account located at the left of this screen.<br />
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Where to start.<br />
<br />
I would like to start with the physical demand of both the metals, which is NOWHERE even CLOSE to being represented in the paper metals. Below I have taken this clip from <a href="http://jessescrossroadscafe.blogspot.com/2011/10/restricting-gold-and-silver-cash-sales.html" target="_blank">Jesse's Cafe Americain...:</a><br />
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"Tightening the Noose: France Bans Cash Sales of Gold/Silver over $600<br />
By Mac Slavo<br />
September 23rd, 2011<br />
<br />
"...It looks like this trend of restricting the peoples’ ability to acquire assets of real monetary value is expanding. If a recent report from France is accurate, and based on the French governments official web site it looks like it is, then as of September 1, 2011, anyone attempting to sell or purchase ferrous or non-ferrous metals, which includes gold and silver, will be required to pay for their purchase via a credit card or bank wire transfer if it exceeds 450€ (~ $600 USD)..." <a href="http://jessescrossroadscafe.blogspot.com/2011/10/restricting-gold-and-silver-cash-sales.html" target="_blank">click here to see entire article...</a><br />
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I now want to reiterate what I have been telling my loyalists for about 2 months now. Morgan Stanley will be the next to go. I will now call it Margin Stanley from here on out. If anyone listened to the Bears 7 video about Bank of America, you are now much richer from shorting it BAC.<br />
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<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhDlFBSGYvM9uf6DJZY_tZG5x5NsEtu7nd8QoI222JypK7FDxGwwPLmOl42gYynll-QTx5Zs0q0KOgGNvV9SUbGNdXfY9HXeuPajS_Sa1bylUjfJd9QM0HwWJWz9BdFk0YnB_PM3RkNmec/s1600/ms.jpg" imageanchor="1" style=""><img border="0" height="249" width="320" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhDlFBSGYvM9uf6DJZY_tZG5x5NsEtu7nd8QoI222JypK7FDxGwwPLmOl42gYynll-QTx5Zs0q0KOgGNvV9SUbGNdXfY9HXeuPajS_Sa1bylUjfJd9QM0HwWJWz9BdFk0YnB_PM3RkNmec/s320/ms.jpg" /></a></div><br />
So all you really have to do is look at that yellow trend line and until we see a trend reversal, its a sell. I am NOT a buyer of ANY bank stocks. NONE. Will they bounce hard and squeeze johnney late commer shorts, sure they will and it will be accompanied by rumors of Greek saviors or Fed printing that will be short lived unless QE4 arrives out of the blue.<br />
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Here let take a look now at something that we <i>may</i> want to start looking at. For example, the Canadian banks. Let take TD's weekly chart (see below):<br />
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<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh2pmq7CINALaw-pL3A2Es8ld5rzXcSNvfsNirYoYSSMBoqeQTeyQ9pm8F75kq99eM0JWn2VJkIoyKPUTukxCg1mt3LXq4qKjRPvK45Sx0JcHuElAb61gYc5hszDWLydiLRDE19Dj37Yng/s1600/td.jpg" imageanchor="1" style=""><img border="0" height="250" width="320" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh2pmq7CINALaw-pL3A2Es8ld5rzXcSNvfsNirYoYSSMBoqeQTeyQ9pm8F75kq99eM0JWn2VJkIoyKPUTukxCg1mt3LXq4qKjRPvK45Sx0JcHuElAb61gYc5hszDWLydiLRDE19Dj37Yng/s320/td.jpg" /></a></div><br />
We never did re test those 2009 lows did we? Well, you guessed it, if you think we are goign to have another serious credit crunch, we will test those lows. Place your bets accordingly, we did not have the Ben Bernanke PUT back then.<br />
<br />
As of right now, in which I wish I had more time to implement these trades into the VIP section of the new site (which will not be functional yet), I own the $70 PUT on XOM. I have had this since Thursday. Most would have sold the candle when it pierced the $74 and through the MA(aka the fuckjob candle), but I held as the market was rolling over and I saw the bots triggered short stop losses as per usual on the MA play. Keep trading simple guys look at this chart. Channel trading is very confusing to most people as they try to buy and short the breaks instead of the opposite. Its actually a free money gift given to you by the algos.<br />
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<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi7Yj9i30XCT0mm3ziqHnAGJ2f5Sg5LwGVcun5JjVGdgbV7jIslODWrtqHcUdPcTRZUwa6HUy7MTbBJ_rP6nMj0HMBC4c0xkAVDmz3ICFs19oIMBb2U7o25EwEfG0Qy-0mmBfs2S4QE80M/s1600/xom.jpg" imageanchor="1" style=""><img border="0" height="248" width="320" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi7Yj9i30XCT0mm3ziqHnAGJ2f5Sg5LwGVcun5JjVGdgbV7jIslODWrtqHcUdPcTRZUwa6HUy7MTbBJ_rP6nMj0HMBC4c0xkAVDmz3ICFs19oIMBb2U7o25EwEfG0Qy-0mmBfs2S4QE80M/s320/xom.jpg" /></a></div><br />
Clearly you see the trend right? The top end is easy to exit and re short as the bottom on this one. Most of the 'wicks' through the trendline and the FJC (Fuck job candles). You need to understand the fuckjob candle before daytrading. It may the most valuable tool you can learn.<br />
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This is the stuff I want to develop in the VIP section of the trading section, as I hope the beginners can see value to it.<br />
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I have not yet received that phone call for the new site, so I'm off to smash some skulls and figure out WTF is going on.<br />
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Trade safely, and always read my disclosure when trading. I am a clown. Do not read these charts and expect to make money from clowns.silvergoldsilverhttp://www.blogger.com/profile/10732783832338768734noreply@blogger.com19tag:blogger.com,1999:blog-3458662032196157528.post-68316872665684485642011-10-02T23:56:00.000-04:002011-10-02T23:56:34.270-04:00New site updateWe are currently transferring files to the designated folders. Once everything is tested we are launching. T-24<br />
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<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi_9AS00__siK5R0KGbuskGVtTk1dy_SH_CSpy4zUbCx6hj2EFgJqVHINGX6DtBCl1LULpx6ZQgJlTxQiG9iRjL2lU9SCAmwf_9Efe4Tq0h5S6AWKzWV0h6XAp656kZwMbehjDjazVKOKY/s1600/sgs.jpg" imageanchor="1" style=""><img border="0" height="156" width="320" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi_9AS00__siK5R0KGbuskGVtTk1dy_SH_CSpy4zUbCx6hj2EFgJqVHINGX6DtBCl1LULpx6ZQgJlTxQiG9iRjL2lU9SCAmwf_9Efe4Tq0h5S6AWKzWV0h6XAp656kZwMbehjDjazVKOKY/s320/sgs.jpg" /></a></div>silvergoldsilverhttp://www.blogger.com/profile/10732783832338768734noreply@blogger.com27tag:blogger.com,1999:blog-3458662032196157528.post-76941717784998085232011-10-02T21:55:00.001-04:002011-10-02T21:55:06.241-04:00This always sooths me....<iframe width="500" height="315" src="http://www.youtube.com/embed/5Za2k5wA3sk" frameborder="0" allowfullscreen></iframe>silvergoldsilverhttp://www.blogger.com/profile/10732783832338768734noreply@blogger.com9tag:blogger.com,1999:blog-3458662032196157528.post-6588025639554706742011-10-02T19:55:00.000-04:002011-10-02T19:55:42.086-04:00S&P set upThis is the only chart you will need for the next little while. Took from the comments section of Turds site. Priceless.<br />
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<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjEYbA8q9Eue8JNhaAyqWV4HXYD7cRjBUUZA8v2GmDT7S7gwXDkdea0qv_lW1cxcU32EIupipC99lOcip-XLRaWC3pgSUQ-zt_xo6N4rU918xaSR8ZwJw9ksyfPyraYkXPyUq_WIvGogJo/s1600/sp.jpg" imageanchor="1" style=""><img border="0" height="320" width="258" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjEYbA8q9Eue8JNhaAyqWV4HXYD7cRjBUUZA8v2GmDT7S7gwXDkdea0qv_lW1cxcU32EIupipC99lOcip-XLRaWC3pgSUQ-zt_xo6N4rU918xaSR8ZwJw9ksyfPyraYkXPyUq_WIvGogJo/s320/sp.jpg" /></a></div>silvergoldsilverhttp://www.blogger.com/profile/10732783832338768734noreply@blogger.com4tag:blogger.com,1999:blog-3458662032196157528.post-88830292554040951352011-10-02T14:54:00.001-04:002011-10-02T14:55:20.933-04:00Sunday Special: I keep the best for last, especially for my Sweetie pieAs many of my readers know I have a history with this sweetpie. Some say it a sick case for the cougar, other say its a contorted history of you said this and that. Fuck it. For all its worth, I present to you the entire collection of Blythe's Blogs, facebook, twitter, etc.<br />
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<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi5pwpIapEF3xwfJZ-uG-rP6r2AF8hD7tW0uffcFRTrxTc3NoZZn9m4xuxxneCnD5IzLK3BLQggj3aWCudpl63_fjuNrpBbbgkbsxgolG_kW7hf7DpXESHcW-SdpWreRZYjRU1i5lpRZ_8/s1600/blythemasters-pinksoiree.jpg" imageanchor="1" style=""><img border="0" height="320" width="214" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi5pwpIapEF3xwfJZ-uG-rP6r2AF8hD7tW0uffcFRTrxTc3NoZZn9m4xuxxneCnD5IzLK3BLQggj3aWCudpl63_fjuNrpBbbgkbsxgolG_kW7hf7DpXESHcW-SdpWreRZYjRU1i5lpRZ_8/s320/blythemasters-pinksoiree.jpg" /></a></div><br />
<a href="http://www.facebook.com/blythemasters" target="_blank">Click here to see BM facebook...</a><br />
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<a href="http://twitter.com/#!/BlytheMasters" target="_blank">Click here to see BM twitter...</a><br />
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<a href="http://www.linkedin.com/in/blythemasters" target="_blank">Click here to see BM LinkedIN profile...</a><br />
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And last but not least, her blogspot, in which you can leave kinda heart felt messages for her in her quest to rule the middle class:<br />
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<a href="http://blythemasters.blogspot.com/" target="_blank">Click here to see BM blogspot...</a><br />
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Shes such a humanitarian though isn't she!silvergoldsilverhttp://www.blogger.com/profile/10732783832338768734noreply@blogger.com9tag:blogger.com,1999:blog-3458662032196157528.post-37273036491882217702011-10-02T11:34:00.001-04:002011-10-02T11:35:57.754-04:00HUmmmmmmmm....occupy wall street...hummmmmmmmLooks like people are actually having a good time. This will get your houses back!<br />
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<iframe width="500" height="315" src="http://www.youtube.com/embed/pIYsdzBOXKo" frameborder="0" allowfullscreen></iframe><br />
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Contrast this to Greece-when they wanted to cut a few pensions.<br />
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<iframe width="420" height="315" src="http://www.youtube.com/embed/AuJZdWTiaJM" frameborder="0" allowfullscreen></iframe>silvergoldsilverhttp://www.blogger.com/profile/10732783832338768734noreply@blogger.com40tag:blogger.com,1999:blog-3458662032196157528.post-19105488416867946042011-10-01T21:36:00.005-04:002011-10-01T22:08:12.496-04:00If it walks like a duck, and talks like a duck, is the COT report a duck?This report comes to you on the eve of what I <i>suspect</i> is the last day on this blogspot as we are off to the www.silvergoldsilver.com site. After mulling over the COT report, and then making many many phone calls, something is not sitting right with me. <br />
<br />
Lets first post up the COT report, I have copied it straight over from <a href="http://harveyorgan.blogspot.com/" target="_blank">Harveys Blog (click here for more)</a>:<br />
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<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiag_Zy8OpLnIRII51jZhOse6HbI41x2uxpAed2w2vo9OJXvXgUzNXxWyfcCCoDoTI8SDENi4VFI_zhKF3S39Zsjk5365a5IvxIlTPXqTtnVK7HhITUGk1rENG0ewPqS7nAR5N_1AxsVcw/s1600/goldcot.jpg" imageanchor="1" style=""><img border="0" height="168" width="320" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiag_Zy8OpLnIRII51jZhOse6HbI41x2uxpAed2w2vo9OJXvXgUzNXxWyfcCCoDoTI8SDENi4VFI_zhKF3S39Zsjk5365a5IvxIlTPXqTtnVK7HhITUGk1rENG0ewPqS7nAR5N_1AxsVcw/s320/goldcot.jpg" /></a></div><br />
<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgL5wq7X209jXQy8-q1qTuA2ny0TxqozmXVE7p5odFPFcsNn9y0qRlGXl_9PS4qpcyViAv_zI8ZmGt6sh3SBJYqeeTBQdPT7y8s5W0hBbTgGLJLHvRlQ9RBnA6H0tv9J9zCinw24SCKmwY/s1600/silvercot.jpg" imageanchor="1" style=""><img border="0" height="144" width="320" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgL5wq7X209jXQy8-q1qTuA2ny0TxqozmXVE7p5odFPFcsNn9y0qRlGXl_9PS4qpcyViAv_zI8ZmGt6sh3SBJYqeeTBQdPT7y8s5W0hBbTgGLJLHvRlQ9RBnA6H0tv9J9zCinw24SCKmwY/s320/silvercot.jpg" /></a></div><br />
There are a few things that are not lining up for me. You know me, I could sit here and cheerlead this to death right now, but thats not my place. Do I think silver will get to $500? Yes. By next week? No. So dont shoot the blog that calls it the way we see it when we talk a negative piece.<br />
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Whats strikingly weird is Fridays PM trades. Gold was okay late into the bell, but silver was not. The weird part is that the big boys most certainly get the COT report before its printed. Dont think for one second they dont. This is the scary part. Such a 'bullish' COT report for both metals, some would argue the best COT report to memory. So why the weak Friday close? Equities bring the PM's down with them late in the day? If you go back and do some research, after such bullish COT reports we usually catch a major bid. This is my disconnect.<br />
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My second disconnect was the amount of contracts covered by the Morgue et al. And in order for this amount to be covered, you need and equal amount to be sold (captain obvious).<br />
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This takes me back to 2008. On boring days on the desk, we would pick on an illiquid stock, a few people would short it while we bought it, then we would switch rolls. Washing was common, the regulators didnt give a shit because we gave the ECN's so many liquidity credits and no one was getting hurt. When the warnings would come in, no one cared...seriously they had bigger problems as these were the days leading up to the 2008 clusterfuck. <br />
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Que todays COT report. I have a suspicion that, although it looks like the Morgue et al. is covering that massive pile of shorts, its their own selling they are covering. Most of the paper selling happened in illiquid markets. Not sure if this many contracts could be filled they way they were.<br />
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Mark my word: if Gold and silver correct down from here, the COT report from here on out is null and void.<br />
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If we go up here and never look back, you can call this a call a complete miss.<br />
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Somethings not right with this duck.silvergoldsilverhttp://www.blogger.com/profile/10732783832338768734noreply@blogger.com43