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

Here we go again, Italian bonds are on the march to 7%... Spain at 5%

Risk off, another silver takedown.

This silver trade is looking worse by the day, we may have missed the boat to sell over 40, a long year of sideways and down me thinks.
 
Maggie yoo be da norty norty wench, invitin all de buoys up to ya nue luxry crowy ness.

Pardy hard an pardy long me mateys cos de SS got sum difcult batles cumin up me tinks.

Dat gold chart bout to av de "ded cros" an dat be no a gud fing.

26.84


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Has nun of de cru desearted as de SS heds to de S??

We be de pirits.

Rain or flud, sh.t or blud, de SS fite annuder year in the battel aganst the papa pirits of wall ST.

AK ER 43
 
Wees be wiv yer AK errol.

We fites wiv cutlas and wiv sord, and wif nife an fork an spoon.

We wil defeet de blak ship JPM, an an an we be de hearoick pirits ov de beautifl SS wiv de golen anckr.


(I no mine da rain or flud or blud, but I opes dey no gonna frow dat uver stuf at us Cap'n.)


26.70
 
We've been boarded by these fellas
pirates.jpg


I reckon it's one of their last raids before the wind blows back into the silver sails.
 
errol43 said:
Has nun of de cru desearted as de SS heds to de S??
Click to expand...

Not deserted, but Ize havin trubbell standin up - I 'ope makkie dusnt mynd but I fownd ware she hyd the wodka :P

I luvss ya awllllll - haz the partee started yet? :D
 
GI Wizzi welcom up ta mee nuw croznezt, wee hav ar dink ta da nuw yere. i git sum vodka an wee toast ta when wee head norf, wee wil hav ar pardie
awl da cruw will bee onn bord ann dey wil dink ann eat ann bee merri, southern X wil pley da muzic, hotel 46 will bee widuz frum afar, Kaptun errol43 wil stey wid uz ta see 2012 cume inn and Captain Turk wil git cook ta make uz da bezt banqwitt ya edder did see, little black peep wil sheer sum sheep an rugs wil der ta sit on.


$26.17
 
errol43 said:
Has nun of de cru desearted as de SS heds to de S??
Click to expand...

We're all in this together tonight!

Some good news crew! Our traditional shorting enemies are now starting to take the LONG side of silver trades, leaving only weak-handed speculators to take the short 'side' of the trade!

It's a little bit like this:

JPM: "I'm shorting silver!"
SPECULATORS: "Idiots!"

JPM: "I'm making a packet!"
SPECULATORS: "Morons!"

JPM: "Look! The silver price has dropped for eight straight months!"
SPECULATORS: "Well... OK... We'll join you then."

SPECULATORS: "We're shorting silver now!"
JPM: "Idiots!!"

Here's how Ted Butler describes this new development:

Ted Butler said:
"The real interesting feature of this current report was who the silver sellers were in the reporting week, since the "raptors" and the "big 4" were the standout buyers.

The sellers were the speculators, of course, but the spec selling was mostly new tech fund short selling, rather than the long liquidation that it had been up until this week.

In other words, the commercials were successful in luring new speculative short sellers into silver.

Normally this is a highly bullish development, as tech fund speculators on the short side of silver are prone to run quickly if prices start to rise.

If the silver COT market structure was spectacularly bullish before the report, as I have been proclaiming, it is much more bullish now.

I know that the silver price action stinks, but it stinks for the sole reason of tricking speculators into selling so that the commercials can buy.

If the silver market was already locked and loaded to the upside before this report; new weapons have now been added to the arsenal for higher prices."
Click to expand...

It's important to remember that although JPM want to suppress the price of silver they are NOT stupidly "anti-silver".

Why would anybody in their right mind be 'against' rare precious metals which have been trusted by mankind for thousands of years? In fact, the (very) clever folk at JPM are just as keen as we are to accumulate the physical metals, and merely use their potent market power to 'discourage' competing investors by inducing them think that precious metals being "on sale" is somehow a bad sign.

Consider this: If a $50,000 Mercedes dropped to $26,000 over an eight month period would you think "Great, Mercs are getting cheaper! I can finally get myself one!" or would you think "Gaaah! I'm never going to buy a Merc they obviously aren't very valuable cars; I'm never going near them!"

Notice how 'the price' can potentially interact with your 'perception' of the vehicle in different ways. If you firmly consider Mercs to be great cars then the price drop is a real bonus but if you are not convinced of their real 'intrinsic' value then the lower price might convince you they were somehow never 'worth' their original price and so the 'bargain' would be overlooked.

In silver's case, the price of the vehicle is certainly down to the $26,000 mark, but the real value of the vehicle is probably closer to something like this...

910_lamborghini_gallardo_spyder.jpg


JPM's price manipulation is working very well with people who do not recognize the true intrinsic value of silver. Sentiment is now close to an all-time low. Many people who paid a $50,000 price for a Mercedes now feel they have been sold a rusting Barina Spark! They will suffer anguished regrets until the price recovers again as it must, and indeed will.

Those who can see the Lamborghini Gallardo Spyder parked in their stacks will patiently wait until the bears have worried themselves to exhaustion, then simply watch as the price recovers quickly and strongly and reveals to the bears what they failed to see for themselves.

As John Embry stated in today's KWN:

"What they have done to silver is astounding... It amazes me the degree of human stupidity here, that people are parting company with the one thing that is going to save them in the future."
Click to expand...
http://kingworldnews.com/kingworldn...&_Silver_Tight_Because_of_Eastern_Buying.html

SPOT USD $28.40 - and holding but only just!
 
Nice weelz Cap'n Turk - I prefer sumpin more agreecultcheral, kinda low key - I tink my next car will be range rova vogue az it iz like totally a ewe magnet :cool: (or maybee I'll ditch tha car and just hang owt on the tracta on my noo farm which I will be buyin after we get to the norfern warters) :)

Maggie said:
little black peep wil sheer sum sheep an rugs wil der ta sit on.
$26.17
Click to expand...


I'm orl reddy makkie - got wun of these terday an twill be jus' rite for tha job :D

2410_3410008.jpg
 
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