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

Saturday Morning...

Well, here we all are awaiting the coming news from the Oct 23 Euro-zone leaders summit.

The aim of that meeting has been very simply expressed as "End the debt crisis once and for all".

I see nothing wrong with that!

It's probably high time someone stopped the Greeks from spending other people's money - even if the other people agreed to give it to them - and receive around 100% p.a. interest on their investment. Perhaps Ms Merkel will be knocking on my cabin door soon requesting that I cease from running up the old Amex card. That would certainly fix my own debt crisis once and for all.

So, if the European leaders achieve their lofty goal we might crown them each King-for-a-Day and quickly sell all our silver and take up stamp collecting instead!

But, if they fail (dear heaven forbid!) the Gold Punisher will doubtless swiftly reward them according to the folly of their knavish designs upon free market principles. (My tip: Hang on to your silver for now.)


Going forward...

There have been a few 'positivish' gold and silver stories on Bloombergs in the past 24 hours.

Here's the silver one...
http://www.bloomberg.com/news/2011-...seen-ending-on-europe-crisis-commodities.html

(Yes, a good half of it is utter tripe and misinformation - and the positive spin droops a bit as you get further into it.)


and for gold...
http://www.bloomberg.com/news/2011-...-streak-since-january-on-europe-optimism.html

I tend to view 'positive' P/M articles in the MSM as bearish indicators. Two articles together suggest to me that JPM have decided to draw some fresh blood into the silver scene.

They desperately want to cover their shorts, but the COT reports are now sitting at record lows in both gold and silver. i.e. They have scared everybody off!

So they now need to either mount another very serious price attack (goodbye silver stockpile!), or draw in some freshly leveraged 'suckers'. Last night's rise (or ruse!) suggests they might now let the price run up a bit, then hammer it down to harvest a new 'crop' of longs. Time (and silver) are running out for them.

So I'm expecting a possible 'false breakout' signal now, where the price might seem to rally for a few days then break sharply downward again. (Fortunately, the floor under USD$30 continues to hold nicely for now; after reaching that level the price generally quickly reverts upwards to the USD$31 level again.)

Good sailing crew! Have a happy weekend!

Weekend Closing spot : USD $ 31.33 (Last week's close $31.16)
 
it loooks lik dat nuw peg tiz doinin ar gud job Captain Turk, ya zeem ta bee gittin arbowt bedda. howz da secrwet plaz i pud inn it fur ya map
da cru owt pardding onn shure
 
Maggie said:
it loooks lik dat nuw peg tiz doinin ar gud job Captain Turk, ya zeem ta bee gittin arbowt bedda. howz da secrwet plaz i pud inn it fur ya map
da cru owt pardding onn shure
Click to expand...

It's a very comfortable fit thank you Maggie, and the secret place is incredibly effective... in fact, errr, I'm still looking for it...

910_new_leg.jpg
 
i lik da owld, i twade da nuw an stak da bitz an pizzes az mucth az i can. i twade az da wind blows : )
 
ARRRGGGHHhhh

Ya gotta luv dis ere Ship, It's got da most of everwyting, Da most Silva, Da most pages , Da most inane comments, Da most sweetast Trader wid da Most Feedback, Da most animals, Da most pirates, Da most C/Kaptuns , Da most alkyhol , Da most crazy membas , Da most ex terrorist wid sex changes, Da most Doctors, Da most intergalactic warp drive engines, Da most biggest Gold anchor (shhhhh), Da most Party's, Da most Fun, Da most nite owls , Da most longest thread wid da least fights, Da most ice/blythe bergs, Da most eberyting

Ummm yeah.....just thought I'd pass that on.... mmmm

[youtube]http://www.youtube.com/watch?v=6DocbEipsq4[/youtube]
 
i tink yer one owf da mozterzt bezzezt pirates, nezt ta argentlust owf da gud ship SS. yer play da bezt muzic why yu an hotel 46 ar lik mee bruddiz
letz hadda nip owf vodka. i godda find hotel 46 an rwind im dat he godda keep sum monie ta buyz mrs 46 ar xzmas prezzent
 
southerncross said:
ARRRGGGHHhhh

Ya gotta luv dis ere Ship, It's got da most of everwyting, Da most Silva, Da most pages , Da most inane comments, Da most sweetast Trader wid da Most Feedback, Da most animals, Da most pirates, Da most C/Kaptuns , Da most alkyhol , Da most crazy membas , Da most ex terrorist wid sex changes, Da most Doctors, Da most intergalactic warp drive engines, Da most biggest Gold anchor (shhhhh), Da most Party's, Da most Fun, Da most nite owls , Da most longest thread wid da least fights, Da most ice/blythe bergs, Da most eberyting

Ummm yeah.....just thought I'd pass that on.... mmmm

[youtube]http://www.youtube.com/watch?v=6DocbEipsq4[/youtube]
Click to expand...
SD..An de least BS, :) :)
Ak ER 43
 
BlackSheep said:
nuffink rong wid fonedic speeling Joolie! :)

edit: speeling mistayk
Click to expand...

This week's "Post of the Week Award" goes to Blacksheep, who took the time to revisit an earlier post and correct a simple spelling mistake. It might have been so easy to overlook - but to our BlackSheep that spelling mistake was just one step removed from receiving the black spot.

It's attention to detail like this which clearly sets our crew apart from the rest.

Well done BlackSheep! Wear this golden helmet with pride!

"The Golden Hemet"
[imgz=http://forums.silverstackers.com/uploads/910_goldhelmet.jpg]
910_goldhelmet.jpg
[/imgz]
 
Tank you Cap'n Turk. I will ware it wif pryde dat be sertin!

It is an oner indeede to sayl amungst such a fyne croo :)
 
dis helmut is kool - I jus figerred dat ewe can fit a limeanakokunut in it, ow gud is dat! :D

rumandalimeanakokunut anywun?
 
Bahhhhh..Baaaaah Blak sheap have ye ani helmuts

Yea sur yea sur 2 helmuts full

won for de captunn an won for de cru

an won for de bankers whooo liv in de zoo.

RK ER 43
 
Sc an me.We jus bein havin a liddle talk aboute what de SS wil fin if we gooo tooo far N..We boat agrie dat we need de ice for de kokonutlimeanrumbo juse...De weekends we fite ,de weakdaas we sale..Ah Sc I be a betta pirit dan a debator. :)

AK ER 43
 
errol43 said:
Sc an me.We jus bein havin a liddle talk aboute what de SS wil fin if we gooo tooo far N..We boat agrie dat we need de ice for de kokonutlimeanrumbo juse...De weekends we fite ,de weakdaas we sale..Ah Sc I be a betta pirit dan a debator. :)

AK ER 43
Click to expand...


Aye we dos need da ice kapun errol twould be aginst orl da articles of da gud ship SS ta drenk widut da ice an not ta drenk wen da sun shyns tu :lol: dat sort a ice be notin fur da SS kapun she'd smash thru widout evun a sownd.

Twill be anoder interustin week ahead, da francos an huns infitin an da rest a da rabble widout a clu bitwen em. ? Dey culdnt mayk a pie disapeer at a Fat gurls slumba parti if dey tryd.

Oh an ol Benderwanke assed me ta put dis wun out fur is ol m8 odumma.

A warnin for da faynt o eart dere be sum swering an such ;)

[youtube]http://www.youtube.com/watch?v=lLJf9qJHR3E[/youtube]
 
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