Top of the morning to you Crew!
Another week of very fine sailing by all concerned!
Well, the spot price management in recent days is something we've all seen before and it generally precedes a strong price hit (not that we've risen too high yet but the lads are a bit obsessive and repetitive in that way.)
If you just 'glanced' at the price chart during the New York Open trading period over the past three days you will have seen some 'healthy gains'. Yet overall the price didn't really go anywhere because those gains were all lost during the New York 'night' or during Asian trading. Normally it's the other way around; we gain during Asian training then lose it all quickly just as New York opens. (In fact there are some charts around that show if you simply sold silver at the NY open and bought it again at the close you would make a huge profit.)
I conclude that this 'reversal' of normal manipulation is probably designed to 'train' a new bunch of wannabe silver traders who happen to see the daily 'rise' and conclude that the silver horse is something that anyone can ride a bit like My Little Pony.
It's not until they've been in the saddle for a few happy days that they suddenly smell the scorching and wake up to discover that they are actually bareback riding The Flaming Stallion!
Now, normally I'd expect the take down to happen tonight (Friday night) but sometimes these pseudo-rallies are allowed to run until the Monday or Tuesday of the following week so let's sit back and wait for the smoke and fireworks!
We can all sing the Bullion song while we watch the lads burn!
[youtube]http://www.youtube.com/watch?v=2zQr8Rwp1tk[/youtube]
It must be SO embarrassing for those NY traders! I look around our good Pirate ship and see our stout-hearted crew patiently stacking week after week, month after month, sneering in the face of price takedowns and market manipulation, and partying to good music every few weeks. Meanwhile those NY traders jump on board, buy a few ounces, burn their fingers, then leap overboard screaming and we never see them again!
Man! I'd hate on rely on THEM during a skirmish on the high seas when you have to stick to your post through thick and thin and then shoot to kill. I guess only those who understand that we are actually in a WAR will be winners in the end. Perhaps that's why this war seems so 'easy' for us pirates we are fighting single-leggedly against people who use 'minty fresh' mouthwashes and have soft hands!
SPOT : USD $28.10
