First of all, two headlines from ZH that I think are fantastic. First, where have you heard this before?
Next, you gotta love this, don't ya? A couple of downticks and every available topcaller and disinformation agent rolls out trying to scare you into selling your precious metals. I hope, by now, you've learned to ignore them.
Besides, back on Monday morning, I even warned you that they would be lurking:
"It will take a lot of courage to step up and hit the bid there as every douchebag topcaller in the world will already be proclaiming that the "silver bubble has popped".
OK, onto the business at hand. As I'm sure you're aware by now, the Fed is rolling out the ultimate hack, The Bernank, to try to talk up the dollar tomorrow in his first ever press conference. You can bet your sweet batooty he'll have some success. The chart is primed and ready for a bounce. I'll even give a 99.9% guarantee that a "Calvin" is right over the horizon. Look at this chart. A perfect, scraping bottom at precisely 73.94.
So, how will this dollar bounce affect the metals. It is all coming together perfectly for my little plan.
Beginning late last week, I was warning you that days 4 to 2 before first notice day have consistently seen a selloff in silver as The Cartel tries to "nudge and cajole" current month contract holders to sell and roll. What a surprise! It happened again! The POSX rally that is coming will help both metals finish off this short corrective phase will beautiful, little bottoms. In silver, the dollar rally should force silver to put in a double bottom near 44.50.
After that it will be a true gut-check time for you. Again, recent pattern can tell us what to expect. In the 5/9 - 5/20 timeframe, the metals will roll over again. They will move back down to about where they are today, 1495 and 45. Everyone and I mean everyone will be screaming at you that the metals have double-topped and that the long rally is over, at least for the summer. I can assure you that it won't be...yet. IF I'm right and the next three weeks play out almost exactly as I've just described for you....well, let's save that for another day. Suffice it to say, we will be ready to capitalize.
Have a great day. Don't get all freaked out when the POSX rallies and the metals sell off tonight or tomorrow. Remember, everything is going as planned. TF
ps I forgot to include this picture of "MonkeySmoke", our contest winner from last week. Here he is, in all his glory: