Silver has breached the important EE Maginot Line of $28.20. Study this chart for to understand why this is important.
Much more later.
ps Due to popular uprising, I've added a "Donate" button to the right. Please don't hold it against me. I am NOT in this for the money. However if, through a donation, you'd like to help me stock the shelving of my bunker, Mrs. Ferguson and I will be highly grateful for your support.
I thought I'd add this from my friend, Dan Norcini at JSW. Dan is a great guy and very, very experienced in commodity trading. Be sure to check JSM every day for his updates.
http://jsmineset.com/wp-content/uploads/2010/11/November3010Gold.pdf
The markets are finally realising you can owe whatever and be charged whatever but if you are paid in something that is devaluing by the day or hour it won,t buy you a lot.Gold and Silver to infinity.
ReplyDeleteTurd, I just hit Feed the Turd and sent $50 your way. I have learned more reading your blog and, before that, posts at ZH over the past several months, than I have over the past year anywhere else. I have made out very well because of it. Thanks!
ReplyDeleteYou work is much appreciated. Ten bucks was just sent your way. Not much, but I would be happy to do it on a recurring basis. Perhaps you should look into that.
ReplyDeleteCMT and dd: The Turd is truly humbled by your "donation". I'm seriously speechless. Thank you very, very much.
ReplyDeleteAnd if gold reverses and heads back under 1000, you don't get it back. ;)
Hi Turd.Trust you & Mrs Ferguson are well.Just sent $10.Know its not a fortune but work is not to clever at the moment.Keep up the good work.All the best Bob from UK.
ReplyDeleteBob: To think that someone would willfully part with $10US is amazing.
ReplyDeleteThank you very much.
Turd, I just sent you and, of course, Ms.F a donation. I may have sent 0,1,or possibly 2. Is there a way to find out?
ReplyDeleteSince finding your Site two days ago I have learned loads. Thanks.
I,d send you an Eagle or some pre-47 silver but to valuable.Only joking mate.Always been a collector and have always been into coins.Been buying a fair bit of Silver recently,to show how esoteric,try this lot,
ReplyDeleteJersey 72 Silver proof set,Belgian Silver 50 and 100 Franc coins,UK pre-47 and pre 20,San Marino 5000 Lire Silver proof,French 50 Franc pieces,Irish Silver Half Crowns,Peru Silver Sols and a St Helena Silver proof Crown,Doing my best to take down the Evil Empire.Bloggs going well,all the best Bob.
We didn't get our Comex close above 28.25. It looks to be around 28.15
ReplyDeleteThis is still very bullish, however, don't be surprised if we get a little drawback to under 28 before the rocket ride back to the old highs. Either way, 29.34 looks certain. Most likely by Friday.
Bob: The "donations" are definitely optional. Definitely.
ReplyDeleteTurd, we hear guys like John Embry from Sprott talking about $50, $100 silver...what are your thoughts on these number?
ReplyDeleteJust wanted to say thanks for EXK and hit you with a donate.
ReplyDeleteTurd,if I didn,t think your view was worth it I wouldn,t pay it.After this system explodes people like ourselves will be picking up the pieces,the more bloggs like this exist the more the sheeple awaken,good honest people who keep the world turning and deserve security for hard work as do future generations not being born into unpayable debt.What do you think is going to be the result of whats going on in the markets when they realise Europes contagion is going to spread through lack of ready cash and debt and its finally realised America is bankrupt and China and India,etc, have no one to export to.
ReplyDeleteHi Turd. I just sent you enough to buy yourself a new hat. haha Just kidding, we all love your big hat. Glad to make a donation. Keep up the good work.
ReplyDeletedd: If Sprott & Embry think so, then I do, too.
ReplyDeleteI'll be out for a while. I'll try to get a full update in a few hours.
repost from above: very important
ReplyDeleteWe didn't get our Comex close above 28.25. It looks to be around 28.15
This is still very bullish, however, don't be surprised if we get a little drawback to under 28 before the rocket ride back to the old highs. Either way, 29.34 looks certain. Most likely by Friday.
I threw in too, Turd. Keep the good stuff coming.
ReplyDeleteExcellent ongoing analysis and calls, Turd. Donation is in.
ReplyDeleteTurd-looks like BAC is going to be the next Wikileaks dump...http://www.businessinsider.com/wikileaks-bank-of-america-2010-11
ReplyDeleteKyle: BAC is probably the target but I'm secretly hoping for JPM ;)
ReplyDeleteFeed the Turd? Done, my friend. I just hope you use the money wisely, instead of wasting it on something useless (you know, like food, clothing or shelter). Just kidding, Turd. You're alright.
ReplyDeletermcclainxenergy: ROFL! ..the hat is way cool. :D
ReplyDelete