I broke out the white-out one more time and look what I found.
In case you've forgotten, I first used the white-out last Tuesday evening:
I figured that if Blythe was going to spend so much money trying to pretend that last Monday hadn't happened, it was the least we could do to oblige her and play along. With silver now having broken through the latest containment line at 33.75, I figured I should use the white stuff one more time. Hmmm, take a look at this:
Furthermore, look at this daily chart of silver. Provided we don't absolutely collapse into the bell, silver will set a new, post-1980 closing high today. This will attract momentum-chasing buyers tomorrow, too.
ps We have lots of fun here but this story sure brings you back to reality.
1:50 EST UPDATE:
Several comments below regarding the drop that occurred right at the Comex close.
Now, Blythe may yell "Carpe Diem" to the monkeys and attempt to pile on from here but I doubt it...not with tomorrow being Happy Tuesday. So far so good as we have already recovered back up to 33.71.
I'll keep you posted. TF