As noted below, since about mid-December, the precise NY morning raids have shaved about $8 in total off of the price of silver.

Almost hilarious that the ADP jobs report came in at almost 300K jobs created with "adjustments". Why not make it 3 million or 30 million for that matter? I guess Dollar General hired a few more than the official 6K print. The only item more funny than today's ADP report is that markets are supposedly reacting positively to it. Good thing those computers cannot reason and only follow commands!

Regards - VHF

-

Sick and Tired

January 4, 2011

...Lastly, I would be remiss if I didn't offer perspective after the 24 hours we've had. DO NOT FORGET that the EE has been relentless now for almost three weeks. Remember this?

This dates back to 12/16 or so. How much price has Blythe dissolved in the almost daily raids since? $6? $8? And yet, your going to sit here and tell me with a straight face that silver has topped or is running out of momentum? Seriously? What f-ing planet do you live on?!? (OK, now I'm getting worked up!) Without direct EE intervention over the past three weeks alone, silver would rest tonight at about $37!! So I don't want to read any garbage about top and waves and stochastics and momentum. Its all bull*^$@. The fundos are overwhelmingly positive and the metals are going HIGHER. Period.