Good Friday Evening 2011
SPOT USD $ 46.73 - flat lining.
Thanks for sweeping up the room after last night's shindig MightyAtom! Much obliged. Enjoyed those hot cross buns too!
Sorry I missed some of the action guys. Sleep caught up at last - I dropped off on that "bed full of silver"!
Great to see you all running such a tidy ship last night. Excellent steering Errol43. Good lookout work SouthernCross. Glad you missed that Blythe Berg!
(I sensed the spirit of Grinners with us all last night too!)
(Honestly, part time lurkers must read this thread and wonder what planet we're all on!)
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So, no real take down last night. Apparently there's been some significant short covering going on over the past 10 days.
See
http://www.caseyresearch.com/gsd/edition/silver-still-soaring-short-covering-rally-continues
(Good luck covering those shorts fellas - only 135 days worth of global silver production to go now!)
As SammySilver said last night, we are monitoring history in the making now.
It's kinda hard to believe that we are now only $3.27 away from the big $50. There's been a range of opinions expressed here regarding what the price will do once we get there.
Until now I've expected the $50 line to be a tough nut to crack, but after the past two weeks action I wonder whether we might just sail though after all - as some of you have very reasonably suggested.
Might be sooner than we expect!
Happy Easter All!
Turk