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| Just keep going higher host of fundamental reasons pushing it higher but this is just nuts (the speed of the ascent). Next stop 50. Where is my pullback so I can reload? Where is the JPMorgue's Blythe, hiding in the vault with the Silver, err, I mean aluminum; I suppose. No way they let this get over 50 without a fight. From Harvey, regarding yesterday's raid, "Their object of interest was really silver as the losses to JPMorgan must be exorbitant by now. I guess they are lucky to have the Fed supply lots of Federal Reserve Notes as collateral to back up all of their losses". " The estimated volume at the silver comex was huge at 127,674. The confirmed volume yesterday was equally big at 129,203. To give you the size in oz that this represents, a volume of 129,203 equates to 645 million oz of silver or 92% of annual global silver production". |
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| I have no position in Gold, but if you see my previous post I told you we'd get to 1520-1540 by May 2011 |
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| Dollar decline is accelerating down almost 2% in the two days, it was only down 0.7% against other currencies for the entire 2010 year. This is getting scary. There are rumors that the Chinese will re-value their currency over the weekend and this should accelerate the dollar decline and increase volatility leading up to the event as the news travels. In addition, more countries are doing bilateral trade deals in each others currencies with increasing frequency. These include bilateral agreements between Russia and China, China and Brazil, Germany and Russia and also between India and Iran. World dollar transaction use is still high at 84.9% but in a declining trend. |
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