Silver Keeps Exploding

Leaving behind all of the traders that thought it would correct after its fantastic run to 40 (me)….but that’s how the game is played. I said it could run when I closed my last positions out and am not that surprised. What makes me crazy is the manipulation of the miners. There is a method to their madness and SLW is making a great trading vehicle so I don’t mind actually. EVERYBODY is talking 50 on silver so you know what that means….but we are getting awfully close. My satisfaction is in owning the physical. I didn’t miss holding one single oz of silver or gold during this run. Funny how I don’t trade out of my physical on these runs.

Energy…..watta move on Oil. Do you really think this economy can recover at this level of oil? This is one of the most incredible messes ever concocted by our market masters. Do I see the method to their madness??? NO…but then it become more apparent soon. There are some bizarre currency movements as the dollar extends its downward slide with the Euro reaching ridiculous heights. Some people believe this is a prelude to a coming storm that the ponzi masters are aware of and trying to position themselves for. It could be a doozy of an event with some strong dollar strengthening…..I’d like to see the USD get pushed to 71….but ya can’t count on it.

Biotechs have remained nice daytrades….but just can’t catch any big channel moves…very disappointing.

POMO extends into June. They can run this market to over 1400 for a headline. Its all about round numbers and the public’s confidence. The vix is being crushed and without volatility the floor traders are being destroyed but that is no longer important to the exchanges so they might as well close shop and move out of the city to get a Barton Biggs’ farm.

Bernanke has a news conference next week after the Fed meets April 26-27. AFTER the meeting. ALL of you beware for some fireworks. My guess is the dollar explodes on the 27th.

Read more at Great Depression 2