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:
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.