Well Pic, it was just a guess. I do not wish to vex anyone, only be prepared if something silly happens...like last week's takedown as the most blatant ever... and just don't panic if it does. Those who hold tentative long ( by long I mean into Jan end...and maybe much sooner ) have only good things to look forward to.
The paper boys may wish to extrapolate JPM from as many shorts as possible over the next two trading days...and the only way to do it is with a blistering short comex attack...and time is now working against them as we all know. Also, too many good guys are extremely positive here and their detractors may want to use that as well.
All the prolonged crap about 'the fiscal cliff' is coming to a nauseating end very soon...coupled with the MSM's 'rising up' red herring attempt at distraction. All the talk by the bobbling heads and friends/sycophants about a possible stock market debacle 'if' the fiscal cliff happens ( even though Geithner will engineer a $200 billion 'interim' stash to keep all under control into Feb. ) sounds like some sort of psyche out as well. Good gawd, it just never ends...until it ends.
I hope we have seen the bottom but my quesiness comes from watching SLW and thinking iit could still see $32 on a quick trap door play...with a coordinated silver attack. CFTC's commissioner Bart Chilton's big cop out a while ago signalled something...and last week was an example.
The next few days weeks will be most interesting as we watch the tactics of the market interventionists and wonder what they will do next to counter the physical spot premium.