Midnight to 6am - Overnight Spot Watchers Spot...

Sorwee Captain Turk
Arr i bin gunna git sum more tizzues Captain Turk, budda i had ta uzz em awl az i got spalatted acroz ar windscreen, az sumwon flamed mee an bluw mee awey, burt hey i lived ta seez anudda day

Ar Kaptun errol43,
i tank ya,burt idda i waz dat wize i wood keep mee beak clozed wen i see twouble brewin an twy ta keep da Ol Peli's fish from being bruized, he bin gud ta uz on da good SS an me mates have taught me 1 fur uz an 1 fur awl. me gud mate hotel 46 showd mee dat an mee udda frwend southern X haz iz muzic ta play an dat keeps mee haddie every day. yar awl da beztiz fwrends

$31.74
 
Dat Captin Turk.. he no what be goen orn in de street ova de udder side of de would. He tell de cru to steel de silva at de low troughs of de sea, go ova de hump and steal agin when it gose inta annuder trough.

Hrtr to de SS and all dat sale in hur..Boottoums urp.

AK ER 43
 
Turk said:
errol43 said:
Nay silva progrriss repurt frum de Captain Turk dis weak...

I predick a $1 rise or one burg whateva yo deaal in..

What ye say deer Captin Turk.
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I apologise for my delayed forecast Errol43. I've been a bit distracted lately - the little golden parrot mirror in my cabin went missing last night, and Polly became so bored he flew into the terrarium to liven things up. This morning I discovered him in there - hopping and bopping on the on the crocodile's rock. His little feet just couldn't keep still. (I hope the crocodile's rock will last).

Actually, I don't think he's ever had a better time.

Now my special charting mirror seems to have vanished too, so my forecast might be a little hazy this week. (And events in Europe could throw everything out the nearest porthole in a flash!)


Crew,

I'm expecting the short term price volatility to drop noticeably this week apart from the take down periods of course! The key points to watch will be the low achieved on the Tuesday night takedown and the high achieved by Friday afternoon (EST).

I expect the mid-week low to be clocked in between 8pm Wednesday and 10am Thursday (EST). After that we might see Errol43's one dollar rise lifting our spirits until the Friday night take down - which usually starts late on Friday night or early on Saturday morning (EST).

This Friday's takedown will be the key: I'm expecting it to be more severe than last week's, so we might still end the week in tears - with perhaps even the loss of a dollar or two. Time will tell.

(Maggie please ensure we have sufficient tissues on aboard!)

We are now in (yet another) consolidation phase - so we must remain patient. We have made some good progress since the September massacre but we can reasonably expect the price to fluctuate up and down (like a set of bellows) as JPM continues to draw in fresh silver longs, squeeze them out, and buy up all that 'squeezed out' silver to cancel out their own huge short position.

To do this they HAVE to let the price rise (so temper your excitement when it goes up!) but equally they then HAVE to make it fall again (so don't despair but watch closely whether the new 'low' represents a higher low than last time.)

It's these Lows achieved after each takedown which we need to be watching carefully - not the highs.

Over time we should see those Lows very gradually march higher and although there will be occasional setbacks those gradual increases will become the foundation stones of overall price growth.

So, the billion dollar question is "Will the available silver run out before JPM finish covering?"

I think so!

JPM are clearly working against the clock (and around the clock) to reduce their short position and quite honestly they are making great progress. Their overall short position has declined by a staggering 22% in ther past fortnight which takes it down to around a 10 year low. But they still require about 5 months worth of global production to cover their short position and that amount of silver probably WON'T be obtained at today's dirt cheap prices! So they will be forced to (once again!) ride the price up like they did in early April.

Sadly for JPM, the very volatility which they (and Crimex) are creating (by the bellows effect above) means that new buyers are becoming progressively smarter and stronger like limpets in a storm. They won't be so easily dislodged next time! New buyers are increasing their margins - or having zero margins and simply buying the physical metal.

The result of this will be the price of silver will rise more slowly - but that rise will be very strong - and JPM will be progressively unable to hinder it.

And that dear friends will be game over for them!

(Lime and coconut anyone?)


SPOT : USD $ 32.10
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Where do you learn and get this information from? I would like to learn all of it.
 
Armenikumz.Ye sale width de ss cru, ye will soon lern me lard.Captain Turk..He be a gud teecher.

AK ER 43
 
Maggie said:
Sorwee Captain Turk
Arr i bin gunna git sum more tizzues Captain Turk, budda i had ta uzz em awl az i got spalatted acroz ar windscreen, az sumwon flamed mee an bluw mee awey, burt hey i lived ta seez anudda day


$31.74
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AAARRGGGHHH
Da spinless laggars dat be messin wid da Sweet Maggie be sign der own deth warunt dey do , Dis crew be wun fer all an awl fur one, ya mess wid 1 crewm8 ya got da lot ta deel wid.

Da scurvy dogs be av a andfull o truble now on der plates an fury dey neva nown be commin for der eds now.
 
howoo nix, he bee da beztis teecha owf dem awl.
whelcom nikumz, yar bee zafe here an da cruw swil teech ya awl da ropes

$32.10

I bee owf ta mee bunk, gidnite
 
Ya ar gud frwend southern X, bert ya save ya fury fur doz dat wee bin fightin an wee be takin dem down, tiz gunna need awl our gud ann bezstiz men. Argentlust wud bee soo prowd owf iz brudda.
 
It be de time de walrus sa,Orf to me bunk. ZZZZZZZZZZZZZZZZZZZZZZZ

32.00. Nay new burgs tonite me cru.

Ak ER 43
 
ya gud Kaptun errol43, bin soo bizzie yar hav, had a nip n nap ann yar fveal bedda. i bee onn whatch

$32.52
 
Spot has been moving up strongly in the past 4 hours. Looks like a 'pump' before a 'dump' at this point. Stand by for a late Wed night, early Thur morning pulldown - sometime during the NY trading day.

(I noticed that the NY traders were treated to a silver rise last night. Let's see what's on their menu tonight!)

Remember to track the new lows, not the highs...

SPOT USD :32.47
 
It seems dat I have to catcha dingy from da ss and stay onda shore forza bit me mateys, the black o' night be needed for da zzz's for me is now back on the clock, as bin fura whyle, jus now tis fur sure...

I'll be leaving me cargo in de hold, so make sureya steer her true as she goes 'n dun let the winds geta headoya.

An' I'll be sendinya sum postcards from de shure, justasay hi. 8-)

O, and dun let polly and de croc be getting inta da lickor again, crazy parte aminals.

Bon voyage me mateys.
~ Azure.
 
i bee wachin yar tings azzie, an polly an croc roc woun git neer dem. i git hotel 46 ta mine dem burt i tink eh gids dem sum ov mee vodka.i noz dey bin inn twubble, soo bee hotel 46 an dats why eh bee hiddin inn da cro's nezt, haddin ar nip or too or free

$32.89
 
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