Hi ESL!

Mahendra was urging everyone to go long the dollar about a year ago when it was trading above 90 cents! He predicted the dollar and commodities would rise in tandem, which was a ballsy call for sure. This latest prediction of his should put a big hole in what is left of his credibility. I mean, why could the 'stars' not foresee the biggest one-day upside move in silver in nearly 30 years?

Screw it, and screw the bozos who want to urge anyone to sell here. To me trying to call a top on a move like we are seeing in silver is like trying to catch a falling knife. And anyone that thinks they know what is going on, without understanding the huge overhang on the short side, is out to lunch and should be ignored. Charts or no charts, there are 4 or 5 big players that are short tens of millions of ounces of silver, and are underwater hundreds of millions of dollars. When they decide to cover, and they may be doing that right now, then silver is going a lot higher than all the bozo chart brokers will ever see coming.

cheers!

mike