Will the b.s. never end? In their increasingly desperate efforts to contain silver, the EE has decided to attack again today after-hours, on the Globex. This is akin to running a play in football when the other team is in a timeout and has only 2 or 3 of its players on the field. Complete and utter, desperate manipulation. The last time they tried this crap, I wrote this now-famous post:
Please take a moment to review if you are new to this blog or need a refresher.
OK, here's the one-minute chart from today:
What they can't erase, however, is that gold and silver both established new pit-session closing highs today. Feb 11 gold closed at $1422.90 and Mar11 silver closed at $31.12. HAHAHAHAHA, EAT IT BLYTHE!
Let's continue to watch to see how this plays out. Mar11 silver has already rebounded $0.21 off its lows so look for a chart posting of another FUBM later if it materializes. In the meantime, laugh this off and hang in there and, for pete's sake, don't sell anything. They win if you sell. We clearly have them on the run. Don't let em off the hook now. (I've hit my meaningless metaphor quotient for the day.)
Much more later.