Lets hope his right. Personally, I won't be holding my breath.
The manipulation in the silver market is absolutely blatant and disgusting, I'm hoping Sprott will give the Morgue a bloody nose, but I doubt it. The CME (den of thieves) have finally defined a SWAP (I thought they would drag that out for longer), so Frank-Dodds position limits should come into effect soon, but I understand from Turd that there are exemptions for the large position holders.
The rulebook has been thrown out of the window, how can TA be applied to charts that are painted by Blythe and her monkeys?
If they take their eye off the ball/allow silver to get anywhere near $50, the shorting pressure will be immense and the buying pressure will have to be staggering to punch through the resistance. If we can get through $50, short covering could drive it up to $75 though.
I just don't know, Warpig. I'd be tempted to bail out at 50, for a 4 x bagger and into gold for the long haul.
Yeah, I'm pissed, I shouldn't be because I brought all my silver in 2007, but it's the principle of the thing. Will silver ever be allowed to be 'let go' who knows?