JPM'S GOT NO TALENT
Hi Maggie,
Glad to be back. Sorry for the delay in getting topside, I've just been enjoying a plate of chef's "Poussin Platter". Quite delicious. I'm going to keep the drumsticks as mementos to his talents.
Well, I must say that I am rather disappointed with our current position. Frankly, I had always viewed Blythe as a worthy opponent - misguided perhaps, but at least someone who could manipulate the silver and gold price with a certain style, even with (dare I say it?) flair.
But this! THIS! A six dollar smack down in eleven minutes! How gross! How poorly done. A vertical line! How minimalist! How DEVOID of artistry! What a paucity of price suppression savoir faire! To think that we stackers, who have given up lucrative careers and the comfort of loved ones to pursue our evil nemesis across boundless oceans should be rewarded with something as crude and as tasteless as this! For shame!
I've decided to send Blythe an official complaint:
Blythe! Blythe! Blythe!
If only you had closed off last month with a new low point we would have awarded you two points for effort.
Or if you had dropped the price while a billion eyes were glued to the Royal Wedding, we might have smiled knowingly and given you half a point for sheer opportunism.
Even if you had given us a tantalizing decline over a few days and nights, we might have applauded your doggedness and determination, and some folk might have been fooled into calling it 'a correction'
Or maybe if you had moved the gold price too we would have admired your versatility and consistency.
But to drop the price like this in a low volume after-hours holiday session at the start of the month... well, frankly we are not amused.
Do you have any idea how much buying your new bargain price is going to stimulate?
Do you realize that silver on the street is already selling at a premium to your price? In other words you are becoming irrelevant.
And do you have enough silver in your vault to cover this month's contracted deliveries?
Oh Blythe, Blythe, Blythe!
Is it true that this move is a final desperate attempt to create artificial price volatility just to discourage new buyers?
...Or are you just losing your edge?
I hope that does the trick.
I will have Parrot deliver this memo to the mail room immediately.
Hopefully Blythe will read it and mends her ways - or we will just have to find ourselves a new opponent.
Meanwhile I can only reiterate my advice to everyone to continue buying with both hands - not because of this little price drop - but because even at $USD 80 per ounce silver is incredibly CHEAP!
This blatant act of desperation is a good indicator that prices will soon be much much higher.
The only question we ever need to ask ourselves is "Will this stimulate or slow down physical silver sales?"
(And what's on the dinner menu tonight?)
Now, where's Parrot...
