"COMEX option expiry Mar. 25th. A severe, lightening spike low and then take off of the 26th to $1600 plus? Jim must know something."
Before our meeting in New York City $1600 will be behind us, he wrote. So before coming Wednesday (March 20th) we will have $1600 plus.
Jim knows that:
1) we are in extra-extra-time;
2) the strong hands have already taken over from the weak hands (commercials long, big speculators short);
3) the physical market is separating from the paper market more and more.
He dares to say these things, because he has seen it before. And he knows that by saying it, he puts more pressure on the shorts. As he said in a KWN interview, after so many years in the market the blood in his veins understands the market. We are blessed to have him on our side.