5 yards away from the WC to scared to sleep with this bug! And the Johnny cash song BURNING RING OF FIRE just about sums up how my rear end feels!! And curse my inlaws for buying ruff as bark cheap toilet paper Grrrrrrrr. I'll hold the candle burning till the morning that's for sure,hey all ;(
From Sydney, where house prices are through the roof. At least our transport system works, though I'm not too fussy about timing. Had a late one last night and that's sorta carried on tonight @_@ Edit: Added 'Sydney' to my profile - may be useful for future trades
Nice place,Sydney worked there on contract over a few years.Drummoyne,balgowah heights,frenches forest. More Kiwis in Sydney than NewZealand! REDBACK
I've had a similar feeling before But the story is way too risque to post on this forum :lol: *wonders how the AUD will go today*
"Cue banjo music from Deliverance" [youtube]http://www.youtube.com/watch?v=Uzae_SqbmDE[/youtube] Just back from a weekend at the family property , Home grown Beef, Turkey roast's and homebrewed 90% Alkyhole all weekend. YEEHHAA , Did a bit of wallowing in the creek and a melted a shitload of ice cubes chasing the toddler chasing Chooks and Duck's and Goats . I know where I'm headed in the event of societal breakdown. So got a bit of a shock with the spot price when we got back into signal range , Thought everything was closed for the long weekend but obviously not. Who opens next ?
Lot of questions about the current price action. What does it mean? In a nutshell JPM have taken a back seat and let the price run its natural course for a time. (In fact the two super spikes we've seen today and Friday suggest to me that somebody is deliberately gunning the price for (say?) $50 - or above). Now, we know that JPM could blow the price to the moon literally in an instant if they wanted to, so this steady escalation suggests they are still covering their shorts. But they are also accumulating enormous leveraged losses as the price rises and until we see evidence of this loss in their bottom line we can reasonably assume that Benny and the Feds are giving them some loose change to paper over their losses for now. (It is certainly easier to print money than pull the silver solder out of the printing press circuit boards!) But JPM are smart - and they never do anything for no reason, so is there something else going on here? Probably! The silver price is now beginning to move into an unsustainable region. The price is 'high' but it is 'weak' (It's now a long way from the supporting cover of it's moving averages) so the price is quite vulnerable to a slap down now. At some point JPM *WILL* hit the brakes and the price will fall a few dollars in short order. Most of you know the usual patterns of the takedowns. The price is unlikely to retreat more than 4 or 5 dollars. This recent rise has generated a LOT of algorithmic interest so even a drop to last weeks will be seen as a bargain! (Go figure!) So what should you do? It's now a mind game. Don't take the current price too 'seriously'. It's like wet cement - it looks nice but it won't hold much weight until it's been tested and shaken down by the usual slap down and recovery. If you are counting on your stack for an upcoming bill or purchase, take about 20% off your expected selling price for now. Should you sell? No. I certainly don't recommend selling right now. Ride the correction down and trust that it will pop up again in a reasonable period of time. I'm not calling a top here the price may still rise much higher. If you get out now you 'might' avoid a temporary 12% correction but you might just as easily lose a further 20% gain. Should you keep buying? Yes - for the same reasons as above. The next correction may only come back to today's price anyway! So 'deal with' the new prices and keep buying just remember that a (temporary!) drop is even more likely now and it WILL come. This is what I mean by a mind game; new buyers must now be a bit more patient, and steel themselves for a bumpier ride. Always remember - the price WILL eventually recover! We are just moving into a more volatile price region. SPOT: USD $48.74 and dropping.
Your'e on the ball Captain Turk. I posted today on another thread and stated that I had the feeling that there could be a 10% correction when NY opened. We have a good team here on the nightstackers with serious posts mixed with a lot of light hearted humor. Looks like you're on first watch tonight so be on the lookout for a slight trough on the starboard. Regards Errol43
I've alway been suspicious of silver but I think its going to keep on rising straight up for now. IMHO There Just went down a dollar ,what do I know.
I will bow to superior knowledge, but have a gut feeling that they are losing their grip and just maybe uncle Ben might be tightening the purse strings in favour of another . Anyways it will and is always a great ride. Benny and the Feds....LOL [youtube]http://www.youtube.com/watch?v=CKC-A2fSQ3Y[/youtube]
