You most likely noticed the same old early morning EE nonsense today. You may have thought, "gee, that looks familiar", and you'd have been right. As a refresher, here's the chart from yesterday. Note the exact time of the raids:
Ole Turd, the crazy conspiracy theorist. Take a long look at these charts and YOU DECIDE if there is an epic battle taking place between the Evil Empire and the BoS.
Our U.S. dollar continues to roll over. Here's the updated version of the chart we've been following:
We'll see what happens as we go through the day. Crude is off almost $1 so that may inspire Blythe to be more aggressive than yesterday. However, as long as the USDX keeps drifting lower, she's going to have a hard time creating much downside momentum.
The metals are hanging in there but Blythe has now shown that she's not going to give up so easy today. Think about it...if she isn't successful in raiding today and/or tomorrow, silver will end the week, the month and the year over $30. In Blythe's mind, this simply cannot be allowed.
Volatility is about to increase. Let's hope the BoS are waiting to stick it right up her....
Well, its safe to say that the raid is on. The question becomes: when will the BoS join the battle. I still suspect that the line will ultimately be drawn at $30. NO WAY, NO HOW Blythe voluntarily allows a close tomorrow over $30.
Have a great day! TF