Thursday, February 17, 2011

Bring It On

And I don't say that with bravado, brought on by naivete. I mean it. I want to know. Now.

For years, The Evil Empire has ruled the PM pits with an iron fist. The slightest hint of an EE raid would send shivers and panic through The Turd and anyone else paying attention. There is a possibility, now, that the EE is being neutered. Their onslaughts are becoming less and less effective for the reasons discussed here last evening. So now I want to know! Can Blythe still attack with the same ruthless efficiency? Can she still overwhelm the bid and set off a cascading effect of selling through triggered sell stops and general panic? Yesterday was a clear sign that "the times, may be a changin". As expected, Blythe attacked early and often only to be repelled by strong bids each time. Look at this chart again from yesterday:
So, what's it gonna be? Is the Wicked Witch melting before our very eyes? I want to know which is why I'm practically begging for a raid today. To go on the offensive and attack, we need to have confidence. Another day of muted raids will give me that confidence. Here's a 30-minute chart that sets the stage:


Gold is adding support to silver and must also be watched closely. Open Interest is rising which means managed money is returning rather rapidly. As mentioned here repeatedly, a break of 1390 and its right back to the old highs between 1420 and 1430.

I'm ready for a BIG day. Are you? OK, then, in the words of Mills Lane: "Let's get it on!!"

More later. TF

ps. I failed to mention that yesterday was a brand new record in total pageviews with 34,540. A truly astounding number. Does anyone know if blogspot lists their busiest blogs anywhere?
Oh, well, thanks to everyone. My "sponsors" and I really appreciate it.


10:25 EST UPDATE:
Overlooked in all this silver hubbub is the failed rally in the USDX. This must be watched very closely in the coming days as the support levels that will be coming into play are quite critical.
PMs are approaching their highs of the day as I type. No sign of Blythe yet. Watching and waiting. TF
Posted by at

305 comments:

  1. MattFebruary 17, 2011 at 9:30 AM

    Turd, looks like an epic day may be on tap. The strength overnight is very telling to what may be in store today.

    Looking forward to it!

    ReplyDelete
  2. mikedFebruary 17, 2011 at 9:33 AM

    Just discovered this site. Hello Mr T

    Just to ass a little balance to the rumours that JPM is scrambling to buy phyiscal and raiding the ETFs....



    http://www.kitco.com/reports/KitcoNews20110216DeC_CPM.html

    ReplyDelete
  3. ewc58February 17, 2011 at 9:33 AM

    Don't you just love history's pivot points? I've always respected and appreciated how Empires can fall on a single day.

    We're not there just yet but I think we all feel it looming just ahead.

    ReplyDelete
  4. caramelFebruary 17, 2011 at 9:34 AM

    http://www.youtube.com/watch?v=B_oJPnSaPlQ

    for those bob dylan fan's out there :)

    ReplyDelete
  5. mikedFebruary 17, 2011 at 9:34 AM

    sorry, Freudian slip. I meant "add". No bad language filters then

    ReplyDelete
  6. AnonymousFebruary 17, 2011 at 9:37 AM

    @miked - This story has been rehashed a few places. In all honesty, the fact that the consulting group found "hundreds of thousands of ounces" means nothing. 500,000 ounces of silver is $15M.

    The CIBC in China sold that much silver last month alone...and they're just one single bank.

    I'll trust what guys like Eric Sprott, who has actually sourced $550M in silver recently, over some consulting group's vague statements any day.

    ReplyDelete
  7. ewc58February 17, 2011 at 9:44 AM

    Miked, welcome to Turd Town. Very funny slip, but great point about the ETF getting raided.

    Anyone owning GLD or SLV better get while the getting is good, or face getting destroyed when this SHTF.

    ReplyDelete
  8. Louis CypherFebruary 17, 2011 at 9:44 AM

    From the posts on Yahoo today it appears WB and crew have screwed their courage to the sticking point.
    Today will be a day to remember one way or another.
    Yahoo live posts here:
    http://search.messages.yahoo.com/search?.mbintl=finance&q=wynter_benton&action=Search&r=Huiz75WdCYfD_KCA2Dc-&within=author&within=tm

    ReplyDelete
  9. CO_DanFebruary 17, 2011 at 9:45 AM

    Interesting looking at the Kitco 24-hour spot chart with the three-day overlay.

    This is the third day in a row we've been at almost exactly the same pivot point. The past two days, Blythe has attacked right about now (10am-ish EST).

    ReplyDelete
  10. AnonymousFebruary 17, 2011 at 9:46 AM

    Did I sleep though a smashdown to 30.70?

    ReplyDelete
  11. Don PlataFebruary 17, 2011 at 9:46 AM

    @Turd: I know you like to post videos and this one comes to mind every time I check this blog... America, have you heard? There's a brand new dance that's called The Turd:

    http://www.youtube.com/watch?v=cZKR-6jf_2o

    This dance ain't for everybody, just the sexy people...

    ReplyDelete
  12. mikedFebruary 17, 2011 at 9:46 AM

    hello nmythblasters

    I hope you are right, but you would expect any free inventory to have been snapped up long ago if JPM was really anticipating a short squeeze.

    I guess you could argue they would be signalling to the market that they are in trouble but I am sure they can buy this stuff through all kinds of companies to avoid a link.

    ReplyDelete
  13. TylerFebruary 17, 2011 at 9:50 AM

    blythe can manage one more dip to 30.60. please?

    ReplyDelete
  14. AnonymousFebruary 17, 2011 at 9:50 AM

    @miked

    What you say makes sense regarding short positions on the COMEX buying up all the available inventory, except that there are currently ~300,000,000(that's 300 million) ounces of Open Interest for MARCH! Buying 500,000 to 1M ounces of physical will do nothing...actually, as you state, it would be quite telling if Kitco, Fidelitrade, etc. all stated that they're absolutely out of inventory.

    Can you imagine what that would do to the price?!

    ReplyDelete
  15. Turd FergusonFebruary 17, 2011 at 9:52 AM

    BTW, yesterday's high in the March11 was 30.97

    ReplyDelete
  16. AnonymousFebruary 17, 2011 at 9:52 AM

    As we approach and breach 31, are we likely to see Blythe's shorts?

    ReplyDelete
  17. ewc58February 17, 2011 at 9:55 AM

    Yes, but I'm afraid they'll be badly soiled so be sure to look away.

    ReplyDelete
  18. Turd FergusonFebruary 17, 2011 at 9:56 AM

    Yes, somewhere between 31 and 31.20, she's bound to show up.

    ReplyDelete
  19. AnonymousFebruary 17, 2011 at 9:59 AM

    Nice to hear that your blog's traffic trends are following that of silver...UP!

    I posted a little link love for you this morning on the US Silver message board on Yahoo!

    Thanks and keep up the good work, Turd.

    ReplyDelete
  20. Turd FergusonFebruary 17, 2011 at 10:01 AM

    Thanks, Tripp. The party keeps growing until somebody calls the cops!

    ReplyDelete
  21. Dr. JeromeFebruary 17, 2011 at 10:03 AM

    Here is the first round of attacks right on schedule, should be another interesting day. I am sitting on a pile of money waiting for a nice dip. Do you have a pullback target, Turd?

    ReplyDelete
  22. AnonymousFebruary 17, 2011 at 10:09 AM

    BTFD soon

    ReplyDelete
  23. Turd FergusonFebruary 17, 2011 at 10:12 AM

    If Blythe were able to drive things to 30.50, silver would certainly look appealing.

    ReplyDelete
  24. TylerFebruary 17, 2011 at 10:14 AM

    at 30.50 i would pile on, absolutely

    ReplyDelete
  25. AnonymousFebruary 17, 2011 at 10:15 AM

    Dr.Jerome, I'm in the same mode as you.

    Afraid to eat breakfast as I might miss something!
    I think I slept through something already...the hit to 30.70 early on ??

    ReplyDelete
  26. SoccerDadFebruary 17, 2011 at 10:16 AM

    @John, Turd is the 'Word'! My neck hurts after watching that... way to jumpstart my morning!

    ReplyDelete
  27. smokeandseerorFebruary 17, 2011 at 10:18 AM

    Prepare accordingly...

    http://www.theprovince.com/health/silver+stolen+from+home/4300052/story.html

    ReplyDelete
  28. waffenFebruary 17, 2011 at 10:24 AM

    darn it.. its almost to 31.00 where is Blythe when a brother wants to buy in

    ReplyDelete
  29. PatrickFebruary 17, 2011 at 10:25 AM

    Interesting find, smokeandseeror. thanks for sharing. Wow, we could start a whole new thread on just how each one of us would handle that. I guess for starters you have to call police dispatch and verify the authenticity of folks making requests like that. Probably not a bad idea to ask for a uniform officer for civil standby as well. Fortunately, for me if they opened my safe they would've had to move that decimal about 4 places to the left. lol

    ReplyDelete
  30. Kiwi#1February 17, 2011 at 10:27 AM

    smoke-

    Except for the stabbing part, I'd suspect that this gentleman had found a way to move his assets "off book".

    Cotton is up more than 3%, if I take delivery of the physical should I store it in a safe or bury it in the backyard? ..... ;-)

    ReplyDelete
  31. AnonymousFebruary 17, 2011 at 10:29 AM

    @Turd -- if you are interested in measuring the visibility of the blog (and/or increasing it), look into technorati.com -- I believe you can register your blog to be tracked by them.

    ReplyDelete
  32. CO_DanFebruary 17, 2011 at 10:29 AM

    Pitchforks and torches, everybody.

    The rabble is storming the castle gate!!

    ReplyDelete
  33. AnonymousFebruary 17, 2011 at 10:32 AM

    knock knock knockin' on heaven's door....aka, $31

    ReplyDelete
  34. AnonymousFebruary 17, 2011 at 10:36 AM

    smokeandseeror,
    Just a heartbreaking story. I feel sorry for that man and hope the perpetrators get theirs (along with the 'friend' or leaked the info of what he had).

    Makes me realize I need to come up with a rock solid storage plan. I do not like in-home safes for the very reason mentioned in this story.

    ReplyDelete
  35. JesusfreakinCOFebruary 17, 2011 at 10:39 AM

    Does anyone know for sure which stock Jim Sinclair was talking about when he said a major brokerage firm was looking to borrow shares at a premium?

    TIA

    ReplyDelete
  36. Dr. JeromeFebruary 17, 2011 at 10:41 AM

    Surely JPM has an exit strategy… But, just when I think that the banksters cannot be so stupid as to put their foot in their own bear trap, I am reminded that they designed the banking system that melted down in 2007-08 in the first place. Greed and blindness! May the hogs be slaughtered.

    ReplyDelete
  37. UnknownFebruary 17, 2011 at 10:42 AM

    $30.95 is the Maginot Line for today it appears...

    ReplyDelete
  38. UnknownFebruary 17, 2011 at 10:43 AM

    The best storage plan is to tell no-one

    ReplyDelete
  39. AnonymousFebruary 17, 2011 at 10:44 AM

    Ginger, I don't either, but I do have a Ft. Knox bolted to the floor and hidden behind piles of junk.

    The town did a routine walkabout with our local beat cop and he gave me a tip about that garage door pull (cut it off because they stick a hanger through through the top of the door, catch it and yank it)....and he didn't have a clue to my safe...

    Lots of junk is a deterrent, even for me to get to it!

    Burying outdoors...heck, I'm near White Sands Missile Range...they could buzz over me and find it that way, too...so I guess I'm just a sitting duck anyway!!!!!

    ReplyDelete
  40. AnonymousFebruary 17, 2011 at 10:48 AM

    You know, if it gets into the range of yesterday's close and looks to be going a little lower, I'm inclined to do my buy then....my dealer yesterday asked if I thought it would go lower and frankly, I said no. There may be these quick flashes, but they are hard to catch ...heck, a bathroom trip could spell DOOM...

    ReplyDelete
  41. PatFebruary 17, 2011 at 10:48 AM

    Points to ponder:
    - no fiat has ever lasted not one. And every fiat out there today has pneumonia
    - no evil scheme has ever lasted forever; the truth will always out at some juncture
    - Madoff was a punk and got caught quickly; the EE is far brighter, has far more money, media influence, pols/judges/etc in their pocket like so many coins; but, but, but, it will succumb. We just cannot know exactly how and when.
    - The internet, with concommitant instantaneous information flow, will IMO hasten the demise of evil schemes
    - well a boy can dream can't he?

    ReplyDelete
  42. sconeFebruary 17, 2011 at 10:49 AM

    @JesusFreakinCO: Bob Chapman opined yesterday that it is AEM, Agnico Eagle.

    ReplyDelete
  43. Turd FergusonFebruary 17, 2011 at 10:51 AM

    Yes, there was speculation here yesterday that it was TRE but that was unfounded, I think.

    ReplyDelete
  44. UnknownFebruary 17, 2011 at 10:52 AM

    Any thoughts on SLW...seems to be lagging a little?

    ReplyDelete
  45. AnonymousFebruary 17, 2011 at 10:52 AM

    Insight,
    Maybe it was on ZH(?) that I read a tip.. Someone said to bury your metals at least 3-4ft deep at a location you trust and then sprinkle bb pellets all around the area and far away from the area ..the goal being that any metal detectors would pick up the pellets and no one would have a clue as to where the bb's stop and the metals start.

    I don't even tell my children about my metals because I don't want them to say anything at school.

    ReplyDelete
  46. AnonymousFebruary 17, 2011 at 10:52 AM

    Anyone have any thoughts on SLW and NG. I can't seem to find a reason, but they simply do not seem to be participating the last two days the way I would have expected.

    ReplyDelete
  47. kliguy38February 17, 2011 at 10:53 AM

    I recommend a home safe or a storage box...to serve as a DECOY.....keep some silver in it...but keep the majority elsewhere. Home breakins will torture you to give it up....if you keep it in one place then you have NOTHING to give up except your entire stash.....once you give up your decoy....hopefully you live

    ReplyDelete
  48. kliguy38February 17, 2011 at 10:55 AM

    Mr hyde......relax.......they will go through profit taking and accumulation.....you won't get rich in a day....look at SLW chart.....seems very nice to me.....

    ReplyDelete
  49. aurum argentumFebruary 17, 2011 at 10:55 AM

    This brings up a great topic..I want to have PMs in my house but don't know if it's safe or what is the best way to do it...Maybe a new thread on the topic could be started...I'm untieing the garage door pull. thanks for that one..A gated community probably helps a little too...
    Thanks

    ReplyDelete
  50. Turd FergusonFebruary 17, 2011 at 10:56 AM

    Its because you own them, Hyde. You're ruining it for everyone else!

    I'd expect Blythe any minute now. Around 31 spot ought to do it.

    ReplyDelete
  51. AnonymousFebruary 17, 2011 at 10:57 AM

    kliguy,
    Excellent advice. duh. I will break mine up and store bits here and bits there. ..Some in the safe sounds like a smart idea. ..Kind of like diversifying in the miners.. don't put all your eggs in one basket.

    ReplyDelete
  52. JesusfreakinCOFebruary 17, 2011 at 10:57 AM

    Scone - thanks! May have to add to my AEM position to spite the EE

    JFC

    ReplyDelete
  53. snickFebruary 17, 2011 at 10:58 AM

    Insight, another tip was to bury your PMs in a forest reserve and note the coordinates of the stash with a GPS device.(... and I guess you have to hope that the satellites keep working after TSHTF ...)

    ReplyDelete
  54. Dr. JeromeFebruary 17, 2011 at 10:59 AM

    Damn! I have to go to a meeting. the re-run is just not the same.

    ReplyDelete
  55. VedastFebruary 17, 2011 at 10:59 AM

    30.99, come on!

    ReplyDelete
  56. afrumFebruary 17, 2011 at 10:59 AM

    USD one of StrongSideJedi's bullets on the fee, fight, foe, fumble; earlier this week! FRN's, fiat rainbow bright; inked US currency, looks to be draped as ass wipe in the shit house; white house; black house!! Yup! All future imprisoned bankster; fraudster gov goons get Titanic loads of the worthless stuff!! Eternal tail pipe stuffing's!

    ReplyDelete
  57. rickjamescouchFebruary 17, 2011 at 11:00 AM

    Just caught a glimpse of $30 on the lader. 83 contracts sitting at that level on the ask.

    ReplyDelete
  58. AnonymousFebruary 17, 2011 at 11:00 AM

    Whoa. 10:58 EST. Another round begins.

    Also, in case anyone's interested, on the TOS Charts page, you can use Settings (wrench icon) to break down the action to 133 ticks. Extreme close-up silver porn, if you will.

    ReplyDelete
  59. AnonymousFebruary 17, 2011 at 11:01 AM

    anyone worried about their stash can send the entire lot to me.

    I will give you a certificate and keep it safe for you :)

    ReplyDelete
  60. UnknownFebruary 17, 2011 at 11:01 AM

    just breached 31 for a brief second. 31.0030

    ReplyDelete
  61. rickjamescouchFebruary 17, 2011 at 11:03 AM

    I am showing a high of SIH1 of 30.995, not sure what you are looking at, or where?

    ReplyDelete
  62. UnknownFebruary 17, 2011 at 11:05 AM

    Looking at spot forex xag/usd.

    ReplyDelete
  63. AnonymousFebruary 17, 2011 at 11:10 AM

    Thanks Ginger for that tip on burying....

    CD. yes, the ticks on TOS are good to watch

    ReplyDelete
  64. AnonymousFebruary 17, 2011 at 11:10 AM

    e736e346-32cb-11eo-89fe-ooobcdcb5194,
    (that's some screen name you got there:)

    I'll figure something out over here. But thank you for the offer. lol. :]

    ReplyDelete
  65. AnonymousFebruary 17, 2011 at 11:14 AM

    Kliguy38...Mr. Hyde is very relaxed...just a simple question from someone who was dropped on his head as a baby.

    ReplyDelete
  66. flauntFebruary 17, 2011 at 11:15 AM

    Whatever Kitco is showing is always a bit different from my March futures quotes. Kitco shows 31.04 as today's high.

    ReplyDelete
  67. Idowanna LookFebruary 17, 2011 at 11:15 AM

    Long lurker- first time posting. Like many, I am totally distracted from work, etc. by this compelling narrative. Have learned a lot from all of the analysis and want to get into the fight! WB appears to be recruiting a merry band to participate. Is it too late to open an account, buy a contract and stand for delivery with like minded denizens of Turd's punchbowl? Whats the worst case scenario- Actually receiving 5000 oz?

    ReplyDelete
  68. reefmanFebruary 17, 2011 at 11:17 AM

    Silver is really bumping that $31.00. Bump'n'Grind baby, Bump'n'Grind!

    (I know that sounds really cheesy)

    ReplyDelete
  69. AnonymousFebruary 17, 2011 at 11:19 AM

    All this PUSH at $31, met with stiff overhead resistance, seems to indicate that there is a very concerted buying effort going on. Silver has only backed off in the slightest all morning. I'm hoping this bodes well and shows that there will be constant pressure upward in the near term.

    I'm pretty darn impressed with the continued upward push.

    ReplyDelete
  70. UK turdwatcherFebruary 17, 2011 at 11:20 AM

    Oley - 31 is breached ; im cheering for you guys
    though the £ is rising against the $ to rain
    on my parade. Great entertainment thanks to
    everyone here.Hell yes we are too emotionally
    involved tho.

    ReplyDelete
  71. reefmanFebruary 17, 2011 at 11:21 AM

    Holy crap, did you see that just now?! A 9c move in seconds (up to $31.09)! *Bump* *and* *Grind*!

    ReplyDelete
  72. PatFebruary 17, 2011 at 11:21 AM

    Turd,

    Many on board here got there " please oh please let us borrow your shares 'letters yesterday; it is most definitely TRE.

    ReplyDelete
  73. AnonymousFebruary 17, 2011 at 11:21 AM

    BOOM! Gold and Silver just popped. Now they just need to hold and then push more.

    ReplyDelete
  74. UnknownFebruary 17, 2011 at 11:22 AM

    Here we go!

    ReplyDelete
  75. rahbiiFebruary 17, 2011 at 11:22 AM

    In Street Fighter, this is referred to as the ADUKEN pattern.

    ReplyDelete
  76. AnonymousFebruary 17, 2011 at 11:22 AM

    31 is busted ladies and gents

    come on Algo's

    ReplyDelete
  77. Pick52February 17, 2011 at 11:23 AM

    Run little pony!!!!

    ReplyDelete
  78. kliguy38February 17, 2011 at 11:23 AM

    Mr. Hyde more specifically....when the big money decides to move SLW ...it will. Short term they are accumulating and that is a backing and filling process. I still believe SLW has a big move in it on this current leg.....and short and intermediate I am bullish on it. Watch the 20/50 cross ...and strap in

    ReplyDelete
  79. UnknownFebruary 17, 2011 at 11:24 AM

    This is almost like watching a sporting event. So clear break above $31... Hope WB & Co. can put that floor in place at $31.

    ReplyDelete
  80. HaraldFebruary 17, 2011 at 11:25 AM

    How bout that sports fans!

    ReplyDelete
  81. Turd FergusonFebruary 17, 2011 at 11:26 AM

    Blythe??
    Helloo??
    Ruprecht??
    Helloo????

    ReplyDelete
  82. kliguy38February 17, 2011 at 11:27 AM

    looks like 31.20 will be the alamo today...don't forget 27 billion in pomo today.....

    ReplyDelete
  83. PatFebruary 17, 2011 at 11:28 AM

    boom shaka-laka laka, boom shaka- laka laka
    I want to I want to I want to take you HIGHER
    http://www.youtube.com/watch?v=B63sKDb4O4E&feature=fvst

    ReplyDelete
  84. AnonymousFebruary 17, 2011 at 11:28 AM

    Does anyone have an idea of the volume on March contracts on Comex?

    ReplyDelete
  85. AnonymousFebruary 17, 2011 at 11:29 AM

    Soo. ..uh. Was THAT the best they could do for an attack nowadays? ...Don't get me wrong. I'm not laughing at the EE.

    *snicker..snort*

    ReplyDelete
  86. kiyoteiFebruary 17, 2011 at 11:29 AM

    Beware the 12 o'clock smack-down...

    ReplyDelete
  87. Kiwi#1February 17, 2011 at 11:29 AM

    Great Googly Moogly!

    And cotton up 7% ..... actually, it's a little scary to see things moving up so fast.

    ReplyDelete
  88. ILUVPMSFebruary 17, 2011 at 11:30 AM

    Hi Turd,

    Just wanted to say that I really like your blog... Your analyses are meat and potatoes and I think its refreshing to see that!

    ReplyDelete
  89. UnknownFebruary 17, 2011 at 11:34 AM

    Turd is GOAT. Keep up the good work!

    ReplyDelete
  90. AnonymousFebruary 17, 2011 at 11:35 AM

    Kliguy38...Thanks...I agree...probably many folks booking a few profits since the move back to 36 from 29. I just remember when it was over 40...I have no doubt it's going to wave goodbye to 40 as it heads towards 50.

    ReplyDelete
  91. TylerFebruary 17, 2011 at 11:36 AM

    wow, i'm missing out. where is blythe

    ReplyDelete
  92. ColoradoGuyFebruary 17, 2011 at 11:36 AM

    Not sure if this has been posted yet or not, saw it on GATA.

    "information about the market tightness has been 'blown out of proportion by the silver conspiracy theorists who are trying to portray this as a much more cataclysmic event for the silver market.'"
    Kitco



    ReplyDelete
  93. VedastFebruary 17, 2011 at 11:38 AM

    Where's Blythe?

    ReplyDelete
  94. UnknownFebruary 17, 2011 at 11:38 AM

    I think GATA is just in denial hahaha

    ReplyDelete
  95. Vernon WormerFebruary 17, 2011 at 11:41 AM

    There is a real fight going on. This is great!

    ReplyDelete
  96. MisesFanFebruary 17, 2011 at 11:43 AM

    Weeklong lurker....many thx to "TF and friends'" analysis....and ZH for introducing me to TF.

    Based off of much feedback in the comments section....there seems to be a preference for bullion over junk silver. Obviously, the bullion is higher grade, but are there other drivers for bullion vs junk?

    My physical stash is mainly junk (Franklins, Walkers, and Mercurys).

    Also, any opinions re: ebay as a junk seller? I have had much success acquiring junk silver via ebay.....any other +/- experiences re: ebay as a source for physical?

    Welp

    ReplyDelete
  97. "G"February 17, 2011 at 11:44 AM

    Helloooooo Turd and the Gang !!!!
    From 10K Miles away...
    Keep up it up, Say Hello to Blythe Baby

    ReplyDelete
  98. UnknownFebruary 17, 2011 at 11:45 AM

    So Silver making new high today....

    ReplyDelete
  99. Save_America1stFebruary 17, 2011 at 11:46 AM

    Wow! Huge jump up going on right now. Just went over 31.23

    ReplyDelete
  100. AnonymousFebruary 17, 2011 at 11:47 AM

    This is where Wynter Benton promised a "supernova".

    We shall see...

    ReplyDelete
  101. princesscardFebruary 17, 2011 at 11:47 AM

    turd's site is absolutely the best i've found to track the price of gold and silver, and it's fun! how can ya beat that? i've been passing the link out like it's candy.

    storing pm's? tell no one. never open your door unless you know who is on the other side. plan for a home invasion so you're ready. stash the stuff like it's junk, among the junk. keep your birth certificate/marriage license/passport and a bit of cash in the safe.

    ReplyDelete
  102. HarryFebruary 17, 2011 at 11:48 AM

    It's almost noon, but I think Blythe has already reached for the bourbon in her desk drawer.

    ReplyDelete
  103. waffenFebruary 17, 2011 at 11:48 AM

    :( where is Blythe? I have been waiting to buy.

    ReplyDelete
  104. AnonymousFebruary 17, 2011 at 11:49 AM

    MisesFan...my dealer told me to just buy junk now at .70 above stop ...just by the cheapest. I'm planning to buy more...I hope he's right....I'm diversifed in bars etc. already and have some junk, but now is probably my last buy ,,,,

    WHERE"S BLYTHE??? I should have locked in the price yesterday after all@!!!!!!

    ReplyDelete
  105. UnknownFebruary 17, 2011 at 11:49 AM

    not much of a battle at the moment has to be said... WB the group were indicating that things will heat up significantly once silver passes the previous high....

    ReplyDelete
  106. Art VandelayFebruary 17, 2011 at 11:49 AM

    31.30 !

    ReplyDelete
  107. ColoradoGuyFebruary 17, 2011 at 11:50 AM

    Parabolic! Blythe is getting her ass handed to her today! This song sums up this battle nicely:
    Assassin

    ReplyDelete
  108. UnknownFebruary 17, 2011 at 11:51 AM

    wow we nearly hit 31.35!

    ReplyDelete
  109. Turd FergusonFebruary 17, 2011 at 11:51 AM

    Anyone who believes anything put out by Kitco and their asshole shill, Nadler, is either hopelessly naive or just plain stupid.

    ReplyDelete
  110. PatFebruary 17, 2011 at 11:51 AM

    Don't get overly excited; PM's DOWN vs. many currencies at the moment. I know vs. the reserve currency buck is important, and I'm lovign it, but it is good to kepp the big picture in mind especially if dollar reverese.

    ReplyDelete
  111. oldNavyFebruary 17, 2011 at 11:51 AM

    I have done quite well with options on SLV to date. However, it has always bothered me that JPM is the custodian. As this short squeeze plays out and it becomes obvious that JPM can't cover their short positions, what will happen to the value of SLV calls, even if the ETF silver is there? Would it be safer to go with miners for the next leg up?

    Thoughts?

    ReplyDelete
  112. Pining for the FjordsFebruary 17, 2011 at 11:53 AM

    Holy Schnikes! Blasted through 31.20 then 31.30... who knew watching charts and numbers on a computer screen could be so riveting.

    Is this the WB saga playing out in real time... the "supernova" when we cross the 31$ mark? Holy crap, is this shit real?????

    Un Freaking Believable

    ReplyDelete
  113. UnknownFebruary 17, 2011 at 11:53 AM

    JPM cost a lot of people a lot of money. Now it's collection time or break legs time.

    ReplyDelete
  114. oldNavyFebruary 17, 2011 at 11:53 AM

    We just hit 31.24........

    ReplyDelete
  115. Kevin VassalloFebruary 17, 2011 at 11:54 AM

    well done all silver bulls! selling some here is not a bad idea tho, Blythe will certainly try to push this down after a new all time high. i'm still holding onto a position and will look to add back when an opportunity arises

    ReplyDelete
  116. NedFebruary 17, 2011 at 11:54 AM

    I hate buying at these prices, but I have to support the cause. I figure it's a good time to buy some numismatic silver coins I've had my eye on, being price inelastic and all.
    Ned Coinstacker

    ReplyDelete
  117. ewc58February 17, 2011 at 11:54 AM

    Looking at the miners-- - many are up, as you'd imagine... The surprise is how many are down on a day where PMs and the market is higher...

    Failing in paper metal today they're Shorting the hell out of many miners. No doubt an attempt to stem excitement and a resulting breakout higher.

    That's ok, we can wait. Time is on our side. And it's also main thing BM and the financial terrorists do not have.

    ReplyDelete
  118. gniuzFebruary 17, 2011 at 11:55 AM

    Sorry I couldn't resist..

    http://www.youtube.com/watch?v=PeyOnNple4M&feature=related

    ReplyDelete
  119. flauntFebruary 17, 2011 at 11:57 AM

    Wow, almost the entire silver strip is in backwardation again. Clearly whoever is buying is buying March and a few other close months.

    ReplyDelete
  120. VedastFebruary 17, 2011 at 11:58 AM

    Do you think Blythe will try to attack today? 10am-13m is a quite bearish period on average, specially on Thursdays.

    ReplyDelete
  121. oldNavyFebruary 17, 2011 at 11:58 AM

    Oh, now I see we hit it a few minutes ago.

    ReplyDelete
  122. ColoradoGuyFebruary 17, 2011 at 11:59 AM

    That Supernova appears to be real. And so does the shortage of silver, not just bars. This price move and the fact that someone is calling moves on specific days...supply is short and is about to get it's pants pulled down if all these people stand for delivery.

    ReplyDelete
  123. reefmanFebruary 17, 2011 at 11:59 AM

    I'd like us to retest $31 then be range-bound for a day in the 31.00 - 31.30 to establish some support there... then it's off to the moon.

    ReplyDelete
  124. AnonymousFebruary 17, 2011 at 12:00 PM

    Well, I just looked at the Bradley Barometer over at alpheefinance.com. This is an old thing he put up and unrefined. The module in the big trading softward has been broken out and is ready to go..I've been talking to him for the last 6 months. He's old, however, and he's sick now, so I'm waiting to get it ...

    ANYWAY...turning point around now and then it looks like a slide could happen into the 23rd, but there is a couple of days on either side. And, these waves don't hold necessarily if Iran is sending ships around...

    So, silvergoldsilver's speculation about a possible smash down may be in the cards...or not!
    LOL!!!

    On JUNK again, the guy said that you've got the silver and the use of it if you need to, so junk would be a good bet now, in terms of price and usefulness

    ReplyDelete
  125. SugiFebruary 17, 2011 at 12:00 PM

    Dear Turd,

    Your blog is awesome. I really have benefited from it.

    A question for you: Once silver breaks above $31.20 convincingly, what's your target price before a meaningful correction?

    Thanks

    ReplyDelete
  126. PatFebruary 17, 2011 at 12:00 PM

    Paging HFT Al Gore rythyms; stage left please

    ReplyDelete
  127. ewc58February 17, 2011 at 12:01 PM

    Reef,

    I'll surf (or bong) to that. Maybe both.

    ReplyDelete
  128. Eric OriginalFebruary 17, 2011 at 12:03 PM

    Misesfan

    IMHO, ebay was an excellent place to buy silver of all kinds about a year ago. BUT NOT ANYMORE. Prices now are way too high. If you like junk silver you are better off with an online retailer or your local coin shop.

    ReplyDelete
  129. MisterFebruary 17, 2011 at 12:03 PM

    Re: the Kitco CPM Group article. Northwest Territorial Mint is the main source for CPM's assertion that 100 oz bars are plentiful. What total bullshit. NWTM is renowned for selling metal they don't currently have in stock. Those motherfuckers have been repeatedly documented as lying to customers about delivery times. I'd rather keep my fiat than order from NWTM.

    ReplyDelete
  130. AnonymousFebruary 17, 2011 at 12:04 PM

    ewc58,
    I see what you mean in the miners. I am surprised at how modestly they are reacting to the price surge.

    ReplyDelete
  131. JackFebruary 17, 2011 at 12:04 PM

    Fuck me, Turd's wall has fallen.

    ReplyDelete
  132. DanielFebruary 17, 2011 at 12:06 PM

    Today is the day where she could form a triple top and maybe even a reversal. I think she'll raid in the afterhours, since you'll need much less paper to decrease the price. The stronger the up moves intraday, the more action we'll see after the session close.
    And in the worst case, there are always margin hikes and probably a number of other bad tricks that we cannot imagine yet.

    ReplyDelete
  133. JesusfreakinCOFebruary 17, 2011 at 12:07 PM

    They are really putting a lid on the PM shares given the run in the metal. Blast that blythe chick!!

    ReplyDelete
  134. princesscardFebruary 17, 2011 at 12:08 PM

    time to buy?

    ReplyDelete
  135. afrumFebruary 17, 2011 at 12:09 PM

    Extremely comforting to know the b-mers; jpigers, sharks, & pilot fish are gettin some come around on blatant crimex fraud!! F the crimex bankster regulators! Squeeze the rat bastards, as vermin plummet down deep, from the Titanic paper fiat ponzi financial ship! Criminal ilk and imps watery monetary grave has my seal of approval; plus 30 pieces of silver each may take with them on the way to hell!!!!

    ReplyDelete
  136. Kiwi#1February 17, 2011 at 12:12 PM

    Turd-

    My take on Nadler is that Kitco puts him out front and center so that if they get investigated by some regulatory or consumer group for "pushing PMs on unsuspecting investors" all they have to do is point to Nadler and say "see, we told you not to invest!".

    ReplyDelete
  137. PatFebruary 17, 2011 at 12:13 PM

    The miners will get there; let the shock set in a bit, let folks accept this as real.
    I would be more happy if this wasn't on a down dollar day, but man I'm being picky, eh?

    ReplyDelete
  138. rahbiiFebruary 17, 2011 at 12:13 PM

    Commercial Signal Failure

    ReplyDelete
  139. HaraldFebruary 17, 2011 at 12:14 PM

    What's the record comex close for silver again?

    ReplyDelete
  140. afrumFebruary 17, 2011 at 12:14 PM

    After our GLD/SLV OEX FRYday!! Next humongous line of pigger defense, appears to be 40% ramp off of James Turks 26.40 bottom call! 36.96/37! Between now and then all will be nothin but mini raids! Long & strong physical silver honest real money yesterday, today, and forever!

    ReplyDelete
  141. TylerFebruary 17, 2011 at 12:15 PM

    we can't even get a little dip. crazy

    ReplyDelete
  142. Pining for the FjordsFebruary 17, 2011 at 12:16 PM

    Happiness Defined: When the New York Spot Silver chart on my Kitco page has to reset its entire chart scale because silver blasted through the top of the chart.

    Thats right Kitco. Make that bastard taller. Alot taller.

    ReplyDelete
  143. flauntFebruary 17, 2011 at 12:17 PM

    Jesus - The miners may lag for a bit. I have heard that hedge funds like to put on a trade where they short the miners and go long the bullion. That may be what some of them are doing here. Eventually the miners will move but probably not as much as the bullion right now.

    Another factor may be all this talk about miners "hedging" production. If it's true, those miners are going to lose a ton of money in the future.

    ReplyDelete
  144. CurtainsFebruary 17, 2011 at 12:19 PM

    @Idowanna Look (and anyone else looking to open a trading account) -- I've had a really good experience with interactivebrokers.com. I had an options account set up in a day, and I can trade options, futures, options on futures, currencies, etc. They need $10k to open the account, though you can dip below that. Beware that if you want to daytrade they will stop you after four or five trades unless you have $25k in the account (SEC regs, I believe). Their Trader Workstation has tons and tons of features that I've only scratched the surface on, but it looks like everything I could want is in there.

    Hell of a day today! My best so far. I was really hoping for a dip this morning to load up some more, but so far haven't found an entry point. Nevertheless, I'm a happy camper. Turd, those two entry points you mentioned on gold and silver futures have worked out VERY well. Up 50% in both already.

    ReplyDelete
  145. Silver CellFebruary 17, 2011 at 12:21 PM

    Spot silver seems to have topped @ 31.35 and it is a little too quiet. Possibly the raid will come after the CRIMEX closes...

    ReplyDelete
  146. UnknownFebruary 17, 2011 at 12:22 PM

    oldNavy:

    Substitute SIVR for SLV.

    ReplyDelete
  147. rickjamescouchFebruary 17, 2011 at 12:23 PM

    This is not a supernova like reaction. I saw a glimpse of rocket fuel, when 424 contracts appeared on the silver bid side. This was right before we blasted through 31.20.

    Whoever flashed that order was sending a message.

    The supernova can be accomplished with as little as 10,000 contracts. Put in order of 150 contracts at the market. Wait for a correction and throw down another 300. Once the move from the purchase of 300 is done, throw down a 1000. Sell into the subsequent short rally that is triggered from your order.

    Rinse and repeat.

    Pull this off in Globex for maximum carnage.

    ReplyDelete
  148. Art VandelayFebruary 17, 2011 at 12:24 PM

    You can daytrade all you want with a forex account that has gold and silver spot prices. The minimum entry is a lot lower than $10,000 too. I think you can open most for $1000 or even less.

    ReplyDelete
  149. AnonymousFebruary 17, 2011 at 12:24 PM

    looks like Blythe just woke up

    ReplyDelete
  150. LotFebruary 17, 2011 at 12:26 PM

    There are stops at 31.4 ... Blythe will defend this level

    ReplyDelete
  151. TylerFebruary 17, 2011 at 12:26 PM

    Turd,

    is 31 new support?

    ReplyDelete
  152. LotFebruary 17, 2011 at 12:28 PM

    Similar is 1385 the upper line of my resistance band - similar 1385 is "protected".
    At least for a while.

    Strategy is sell some at these resistance levels - buy back the correction - and have limit buy orders above the resistance levels.
    Besides maintaining a core.

    ReplyDelete
  153. Pick52February 17, 2011 at 12:29 PM

    I just love how all the loathing of the raids has now morphed into us begging for them. Hilarious.

    Will we actually be pissed off in a few days time if we can't get a dip to buy? Now that would be luxury

    ReplyDelete
  154. Daves MarketsFebruary 17, 2011 at 12:31 PM

    I think the page 'hits' is a testament to the objectivity of your work.... people really appreciate your efforts..

    Thanks so much.!!

    ReplyDelete
  155. TylerFebruary 17, 2011 at 12:35 PM

    @pick52

    you're completely right! for those that were trying to trade, blythe was doing us a favor by making the manipulation so obvious.

    i think a little greed plays into it as well. people want to accumulate as much as possible before an explosion

    ReplyDelete
  156. AnonymousFebruary 17, 2011 at 12:35 PM

    pick52,
    I was just thinking of that irony.

    ReplyDelete
  157. Turd FergusonFebruary 17, 2011 at 12:37 PM

    You're welcome, Dave.
    This is great fun.

    ReplyDelete
  158. AnonymousFebruary 17, 2011 at 12:38 PM

    this is a wonderful blog; im glad to of came across it!

    I have a quick question: Im using E*Trade's (i know..) E*Trade Pro platform to trade and what not.. I'm trying to find a way to chart the silver spot, but can i not do that? Is there not a conventional ticker i can use? Obviously a newbie, and any help would be greatly appreciated.

    keep up the good work

    ReplyDelete
  159. JackFebruary 17, 2011 at 12:38 PM

    I see another up move forming....

    ReplyDelete
  160. flauntFebruary 17, 2011 at 12:41 PM

    I particularly like the fact that we can share often conflicting views of the PM stocks and markets without conflict. Refreshing.

    ReplyDelete
  161. marcoFebruary 17, 2011 at 12:41 PM

    what a great day for all turdites .... I am soooooo STOKED!!!!!!

    ReplyDelete
  162. HewardFebruary 17, 2011 at 12:44 PM

    Harvey's gunna have a real good read tonight!

    ReplyDelete
  163. flauntFebruary 17, 2011 at 12:44 PM

    Mr. Norcini just posted about the nonsense cropping up again about "gold confiscation."

    http://traderdannorcini.blogspot.com/2011/02/gold-confiscation-chatter-once-again.html

    ReplyDelete
  164. marcoFebruary 17, 2011 at 12:45 PM

    new gold/silver ratio: 43.98

    ReplyDelete
  165. UnknownFebruary 17, 2011 at 12:49 PM

    agreed - I cant wait for harveys take on this..

    ReplyDelete
  166. LotFebruary 17, 2011 at 12:49 PM

    btw this was my swiss based source ... DS has it from his broker, who again has a lot of spec accounts ... maybe not that important ... anyway the message was "above 31.40" .. whatever that means ...

    ReplyDelete
  167. JPFebruary 17, 2011 at 12:52 PM

    @Mister

    "NWTM is renowned for selling metal they don't currently have in stock. Those motherfuckers have been repeatedly documented as lying to customers about delivery times. I'd rather keep my fiat than order from NWTM."

    There's a guy hanging out on PM boards I read who has it in for NWTM. Keeps using different aliases, trashing talking the mint on a fairly regular basis.

    I'm a satisfied NWTM customer. I bought a lot of silver from them. Never had a problem. Latest order arrived this week.

    Do your own research. Trust but verify --- to include my posts.

    Do your own research.

    ReplyDelete
  168. UnknownFebruary 17, 2011 at 12:53 PM

    With big interest I read Turd's posts today and yesterday and all discussions. There were some ideas about how JPM can defeat against upcoming crash day but seems nobody took into account the next possible solution.

    As we know the main idea of WB group of speculators (and they ARE speculators) is to buy OI, stand for delivery, get at least 20% of cash settlement and repeat these steps in future. Quick and easy money. And lots of rumors that something like that already happened in Nov/Dec.

    But what happens if JPM instead of paying premium will really delivery physical silver for these guys? You wanted physical silver? You get it. You wanted quick and easy money? Sorry guys, have you silver and eat it. And pay fees for physical storage, commissions for future selling, etc.

    Silver prices in this case will definitely go down in short-term period and I doubt that somebody will try to catch JPM in the same trap one more time in future.

    As for me very possible situation. And don't tell me that there is no such amount of physical silver around. Nobody knows this for sure. As for me it is very possible that EE can find it in one or other way. Especially if WB ideas have been passing through Internet for several weeks and you have time to prepare.

    What do you think?

    ReplyDelete
  169. LotFebruary 17, 2011 at 12:56 PM

    In my book the HUI is sending the same picture we already had recently - not confirming the metals rally.
    Some misleading eventually because of AEM and KGC. But nevertheless - quite disappointing - and raising some small red flags imho.

    Or is that just due to stock OE tomorrow?
    Pretty strange anyway.

    ReplyDelete
  170. AnonymousFebruary 17, 2011 at 12:57 PM

    I am long physical gold, silver

    But this thought keeps rankling me all the time. Why do big banks want to naked short the PM market? They could easily rig the market higher creating a bubble sucking in every gullible retail investor and then bursting it. Don't you think it is much easier?

    ReplyDelete
  171. marcoFebruary 17, 2011 at 12:59 PM

    I think that even if you are right Sergiy, the WB group will simply pivot and start buying/taking possession of silver in order to make money ... either way Blythe is screwed.

    ReplyDelete
  172. flauntFebruary 17, 2011 at 1:00 PM

    I don't know why I have to keep posting this, but all with all this talk about the miners not keeping up I feel compelled. Hedge funds have a trade where they short the miners and buy bullion. That may explain the divergence in performance and really isn't all the strange at all since it's been that way for a very long time.

    ReplyDelete
  173. marcoFebruary 17, 2011 at 1:01 PM

    yes, I too am looking forward to harvey's take on this, but (no offense to harvey ...) the turd packs more punch.

    ReplyDelete
  174. LotFebruary 17, 2011 at 1:02 PM

    And isn't there a bearish rising wedge being built last few trading days?
    On the other hand that is an inverted SHS too - with a target of 60 for GDX shortly - 60 min.
    hmmm ... a pretty mixed picture.

    Or am I seeing ghosts?

    ReplyDelete
  175. TylerFebruary 17, 2011 at 1:02 PM

    Sergiy,

    If they actually delivered the silver then everyone KNOWS they won't have it for next month and everyone and their mom would hop on board

    ReplyDelete
  176. LotFebruary 17, 2011 at 1:06 PM

    flaunt - i have never seen such a divergence in the last 10 years.
    On the other hand I haven't seen a rally like this silver rally in the last 10 years.

    Possibly if the shares rallied too ... the metals would fly even more. So the bad guys are pulling the brakes where they still can ...

    Or who knows - maybe there is even selling shares to get into silver futures?!

    ReplyDelete
  177. Turd FergusonFebruary 17, 2011 at 1:09 PM

    Wow
    FnA

    ReplyDelete
  178. PatrickFebruary 17, 2011 at 1:10 PM

    Wow. Silver Eagles are drying up on APMEX! I never have seen them that low in inventory. Check it out and let me know if I'm seeing things!

    ReplyDelete
  179. AnonymousFebruary 17, 2011 at 1:11 PM

    CNBC: Silver rise cause by inflation hedge and short squeeze.

    Thanks guys

    ReplyDelete
  180. oldNavyFebruary 17, 2011 at 1:13 PM

    @ 9fa0fce4-3abc-11e0-aa7a-000bcdcb5194

    Here's the Kitco 24HR live chart:

    http://www.kitco.com/charts/livesilver.html

    ReplyDelete
  181. flauntFebruary 17, 2011 at 1:13 PM

    Hamp - Yes, I would say that's accurate. I've never seen such a divergence between NY spot and front-month futures either. It's been nearly 10 cents all day long.

    And I remember last year when gold and silver were moving up people were complaining about miner underperformance so I know it has happened to some degree in the recent past. Maybe not to the degree you're seeing now, I don't know.

    Peter Schiff was the one who talked about this hedge fund trade, and they made out good on that trade before so the chances they'd put on the same trade are high, I think.

    ReplyDelete
  182. flauntFebruary 17, 2011 at 1:13 PM

    lol e - they always have to have an answer for everything.

    ReplyDelete
  183. ewc58February 17, 2011 at 1:14 PM

    Flaunt, you yourself wisely hedge with the word "may". Many of us are aware of the bullion on/miners off hedgie tactics. Perhaps it does explains it, we're just observing the various aspects of what's transpiring today.

    ReplyDelete
  184. Silver MonkeyFebruary 17, 2011 at 1:18 PM

    If this long bullion/short miners trade is indeed going on. Anyone have thoughts on if they could get squeezed on their miner shorts?

    ReplyDelete
  185. flauntFebruary 17, 2011 at 1:18 PM

    Well yeah, I would never say with 100% certainty because I know the reality of markets. Nobody ever knows exactly what is going on. If that were possible, the centrally-planned economies like ours would be bulletproof.

    ReplyDelete
  186. Ninja ReportFebruary 17, 2011 at 1:20 PM

    James Turk was calling for a short squeeze on Silver yesterday on KWN:
    http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/2/16_Turk_-_Massive_Short_Squeeze_in_Silver,_Gold_to_Hit_New_Highs.html

    Here it is.

    ReplyDelete
  187. UnknownFebruary 17, 2011 at 1:20 PM

    Marco, Tyler

    We are talking about SPECULATORS, and their purpose is to make quick and easy profit. Selling silver in this case is not "quick and easy". They will have to wait for months to make the same 20% profit.

    Actually my point is that lots of guys there are too optimistic. In reality EE has lots of power to defend itself. If gentlemen cannot win they change rules.

    ReplyDelete
  188. Turdle GGFebruary 17, 2011 at 1:22 PM

    How much longer can gold resist the power of the Silver Supernova?

    ReplyDelete
  189. MisterFebruary 17, 2011 at 1:22 PM

    @JP. That was my first-ever post disparaging NWTM on any message board. My experience, and that of many others in the past, has been quite different from yours. I'm glad to hear that your purchases were delivered in a timely manner. Perhaps they have changed their ways.

    ReplyDelete
  190. reefmanFebruary 17, 2011 at 1:25 PM

    Patrick,

    APMEX has 46,571 2011 Silver Eagles left.

    ReplyDelete
  191. LotFebruary 17, 2011 at 1:26 PM

    This comment has been removed by the author.

    ReplyDelete
  192. MisterFebruary 17, 2011 at 1:27 PM

    Word verification: diffeest

    I am enjoying diffeest of the silver bulls upon the mouldering carcass of the paper shorts.

    ReplyDelete
  193. PeteFebruary 17, 2011 at 1:27 PM

    wynter_benton...OUT

    http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_J/threadview?m=tm&bn=10073&tid=387167&mid=387167&tof=1&frt=2

    ReplyDelete
  194. AnonymousFebruary 17, 2011 at 1:28 PM

    Well, well.

    Let's see if Wynter takes ANOTHER page from Blythe's book and doubles down on the Globex.

    We shall see...

    ReplyDelete
  195. GaryFebruary 17, 2011 at 1:29 PM

    richjamescouch,
    Like you I have been watching the futures action; someone is goosing this puppy right under the bid with the occasional 100/400 offer. It's a $1 day for silver!!

    ReplyDelete
  196. trollercoasterFebruary 17, 2011 at 1:30 PM

    as far as the eye can see now!

    ReplyDelete
  197. "G"February 17, 2011 at 1:30 PM

    Solid Booster Eject,
    Second Stage Ignition,
    Night Flight To Venus.......

    ReplyDelete
  198. Pick52February 17, 2011 at 1:31 PM

    Wow Pete,

    Yet another wrinkle to contend with

    ReplyDelete
  199. UnknownFebruary 17, 2011 at 1:32 PM

    The latest from Wynter_Benton:

    We would like to thank everyone that gave us a chance to help them with their silver investment but we have decided that this is the right time to bid farewell. After all what better time than when silver is at an all time high. No one who followed our advice can possibly be down. It was exactly three weeks ago today when we hit the low in silver. No one could have imagined that in 3 weeks, we would now be hitting new highs. But this is exactly how we said it would unfold during the first week of January.

    There are many reasons for us to conclude our "broadcast" this time, chief of which is that there is a far better forum (in Turd Ferguson's blog) by which to communicate our basic message. Compared to Turd's blod, our method of communication is woefully short. Another reason is that there is no longer any real value to what we can add between now and March, or May, or September.... You should all know our game plan by now.

    But finally, the most important reason why we have to cease our communication now is that our traders interest may not necessarily align with the retail investors from here on out. In the run up to $37 or $40 or whatever, we may at times be massively short contracts to shake out the average investors. Yes indeed, we may be taking on Blythe's role from time to time. Nothing serious, of course. Our shorts will be quick to see if we can take out some stops. From here on out, it will be very volatile and we may be in a position to take out your stops before we go long again so please be careful when setting stops. Everyone must be at their all time highs so please think of an exit strategy.

    We will always be long the physical silver until atleast $80 before we even consider selling a small amount, so our interest will always align with yours if you are long the physical. Also please remember that the bulk of our buying will occur next week even if Comex won't properly disclose it.

    We may be back if something extraordinary occurs but that is doubtful. For a few people who have been our ardent supporters, we remain open to continuing communications through email.

    Once again, we wish you all the best from here on out.

    ReplyDelete
  200. gniuzFebruary 17, 2011 at 1:34 PM

    This comment has been removed by the author.

    ReplyDelete

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