Been watching silver ? Up buck/day Thursday and Friday, and up 70 cents so far this morning. The long awaited short squeeze may be in play. This will be an interesting week....may hit 40 bucks by Friday.
I'm thinking $40 will be the next tough hurdle of resistance but $35 might hold it back for a time. We'll see what Friday brings.
These guys have to put up or shut up by Monday. Short sellers are in a panic. Price will skyrocket this week.
You may be witness to the mother of all short squeezes as this unfolds.....a truly once in a lifetime event. Been YEARS in the making. Ted Butler will be totally vindicated in what he has said for a decade. A thing of beauty !
Wall street is closed today, but I bet there are a few bathrooms with some corpses in them in the big apple. The tell will be when Euorpe closes and the Canadian market gets the bulk of trades. Not to preclude electronic trading from the US, but in all these are small fish. I smell a set-up. The BIG Hedge Funds are laying in the weeds...
Not at JP Morgan.....though I read at Zero Hedge every buck up costs them couple hundred billion to cover ! I imagine they are secure in the knowledge their corporate sponsors, the FED and the US Govt will bail them out. Head they win, tails, you lose. Hey, Melbo....remember that bag I was considering swapping you for that fire stick some years back ? This keeps up, I'll be able to buy a dozen of 'em...and plenty of ammo......
I suspect the big hedge funds are the ones smelling the blood in the water, and standing for delivery this month.....forcing the squeeze. Wall St eating their own....you gotta love it.
If the Fed gets run over by this train QE goes into full production. They throw FRN's at the problem leading to huge devaluation. HYPER-Inflation here we come...
here's the loss algo: Jesse's Café Américain: Silver Bankers May Be Sitting on Big Derivatives Losses and the Fed May Be Funding Them OUCH!!!!
Ouch INDEED. My sphincter is pretty darn tight ATM. Just under 34.00 FRN's per oz. is about where the Turd-meister estimated it was likely to hit today. This fraud is going to cost the WORLD, not just America. However we will feel it's impact for years to come.
You got that right.. imagine the price of electronics alone!! forget it.. and forget that new computer, cell-phone, iPad, iPhone, iWhatever...
Forget FOOD man. Forget ANY commercially produced and processed item. Margins will go to hell in a hand basket and delivery on goods will be GONE.
Yah... thinking outside the technological box, I do believe you are spot on. However, the lag time for that would be greater than the lag time for smaller electronics if you consider that machines used in commercial production are already being used. The cost squeeze would come into play for any new machine and any machine being serviced. So I think we have some time there. All I know is I'm not flying any time soon..lol. Call me 'noid. I just don't trust companies when margin squeeze is in play like this and cutting corners is the only thing on their mind..
