"When misguided public opinion honors what is despicable and despises what is honorable, punishes virtue and rewards vice, encourages what is harmful and discourages what is useful, applauds falsehood and smothers truth under indifference or insult, a nation turns its back on progress and can be restored only by the terrible lessons of catastrophe." … Frederic Bastiat

Evil talks about tolerance only when it’s weak. When it gains the upper hand, its vanity always requires the destruction of the good and the innocent, because the example of good and innocent lives is an ongoing witness against it. So it always has been. So it always will be. And America has no special immunity to becoming an enemy of its own founding beliefs about human freedom, human dignity, the limited power of the state, and the sovereignty of God. – Archbishop Chaput


Monday, April 4, 2011

Silver - 8 hour chart update


  1. Look for the bullion banks to bring a HUGE battle to the $40 level. If we clear that convincingly, things could get out of hand for them quickly!

  2. Trader Dan had some interesting comments about COMEX data. I think the short covering was missing 2,3 weeks ago as price was moving. All metals investors mistrust all government numbers on inflation, employment, M3. Why do we trust spot? Should we? Forget commercial shorts. Why not just make up the prices like they make up inflation numbers? See comments of Bart Chilton today. "There have been fraudulent efforts to persuade and deviously control that price," Chilton said in prepared remarks before a Commodity Futures Trading Commission meeting. I am just asking.

  3. Look for the bullion banks to bring a HUGE battle to the $40 level.(maybe even starting at 39+)If They weild their manipulation powers convincingly,things could get out of hand for Us quickly !
    downside target 35-34
    (it helps to see both sides of the equation...)


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