Friday Smack-Watch

SilverPete said:
Friday night smack watch is feeling more like the tepid coquettish touch of an airheaded debutante. Bring back the nasty Fridays when a smack meant something and you woke up on Saturday with a red bum and a smile.
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I am a bit worried that you can wake up on Saturday with a red bum... and a smile. :lol:
 
wrcmad said:
SilverPete said:
Friday night smack watch is feeling more like the tepid coquettish touch of an airheaded debutante. Bring back the nasty Fridays when a smack meant something and you woke up on Saturday with a red bum and a smile.
Click to expand...
I am a bit worried that you can wake up on Saturday with a red bum... and a smile. :lol:
Click to expand...
Friday night Smackeratti meetup. :P
 
SilverPete said:
wrcmad said:
SilverPete said:
Friday night smack watch is feeling more like the tepid coquettish touch of an airheaded debutante. Bring back the nasty Fridays when a smack meant something and you woke up on Saturday with a red bum and a smile.
Click to expand...
I am a bit worried that you can wake up on Saturday with a red bum... and a smile. :lol:
Click to expand...
Friday night Smackeratti meetup. :P
Click to expand...
Progress report. Friday night smackeratti meetup is so far uneventful. Consumption of beer is progressing slowly.
 
About 10:30 last night I had a newsflash from the NYT telling of 223,000 new jobs with unemployment dipping. I thought that that would be this weekend's trigger for the smackdown, apparently not!

Without reading too much into one weekend, have we reached a point where silver has bottomed, without too much wriggle room left for the manipulators?
 
sammysilver said:
About 10:30 last night I had a newsflash from the NYT telling of 223,000 new jobs with unemployment dipping. I thought that that would be this weekend's trigger for the smackdown, apparently not!

Without reading too much into one weekend, have we reached a point where silver has bottomed, without too much wriggle room left for the manipulators?
Click to expand...
Maybe its a sign of stagnation. There are some much bigger economic events unfolding at a snails pace.
 
US inflation figures were crap

There's a few central bank governor speeches tonight (Japan, UK and US) so it could be a rough night
 
Fifties are my barometer, and they are becoming harder and harder to find in Sydney. I believe most old silver is in strong hands with only new silver available to investors. These investors are pegging the bottom because the dips are bought at every opportunity thus keeping the smackdowns to a minimum. We are reaching the point that the annual 1,000 million ounces is not enough for industrial, jewellery and investment demands.

Further, bear in mind that though many of the Stackeratti are flippers, there is a greater majority of investors out there that only accumulate. They rarely if ever sell. I'm starting to sense that $24 spot is not too far away, with $27 on the horizon.

Silver is now between industrial demand when the economy is pumping and investment demand when the economy is tanking. A win win situation. Having stated this, I believe that silver within the current range of sub $22 is a bargain and may never be seen again.
 
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