This might be one of my favorite posts yet.
Before we get to the chart, I must say how wonderfully gratifying this is. If you've been messing around with PMs as long as Turd has, you'll feel the same way. For as long as I can recall, Blythe, her monkeys and the rest of the EE have periodically raided the gold and silver pits in order to restrain price. Historically, they would simply raid, set off a bunch of stops and then let Mother Nature take over. The cascading, waterfall-like selling would so thoroughly discourage even the strongest of longs that the PMs would take months to regroup and recoup. HAHAHAHAHA! NOT ANYMORE!
Behold one of the prettiest things I have seen in a while, the March11 silver hourly chart:
THREE WHOLE DOLLARS out of the price of silver and it still won't collapse. In fact, our dear friends, the BoS, have actually bought silver all the way back up to where we started. I can't emphasize enough how unprecedented this is. Truly amazing and wonderful.
Its time for lunch so I have to stop for now but I intend a more comprehensive weekend/holiday wrap-up for later today. In the meantime, I leave you with this little ditty of holiday cheer: