After yesterday's nefarious activities, I had hoped to create a lengthy, comprehensive post for you this morning. The BLSBS has gotten in the way and, since things are moving so quickly, I figured I'd better just post what I have and worry about going into detail over the weekend.
The Tech Team is still working with the server company to blunt and stop the continued DoS attacks. In the meantime, at least we have this backup platform to utilize.
I'll keep this brief. I had tried to buy back my Mar $35 silver call today but I never got filled. Nuts! I thought I might on the pullback late morning but it never happened. I was looking to buy it back because I'm expecting a decent UP day tomorrow, post the BLSBS.
For all who might be wondering, the site is currently being maliciously attacked by someone or something. The common term for this is a "Denial of Service" attack whereby the site is shut down by an overload of requests for access. The servers get overwhelmed and the result is a site shutdown.
Wow! What a fun month! And whodathunkit? Back on 12/31, everyone was depressed and nervous. Here we are, just a scant 31 days later and the PMs are rolling again. Where will we be on Feb 29? Hmmm. I smell another "Hat Contest"!
There has been a great discussion in the previous thread regarding the dire warning and interview that Santa gave to Ellis Martin yesterday. With apologies to those actively participating in it, I felt that it must be moved to its own thread.
As you probably noticed, I was out all day. I was keeping track of things from afar but it sure doesn't look like I missed much. Don't despair. Tomorrow and Wednesday might generate a little more excitement.
In what should come as a surprise to no one, the PMs are lower this morning due to a slowly rising POSX. Let's watch today to see if the hard won resistance level from last week can become support this week.
A big thank you to Turdite SRSrocco for sharing this excellent article and allowing us to present its "world premiere" here on TF Metals Report! Please take the time to read!
The Coming Paradigm Shift in Silver
By Steve St. Angelo
The biggest problem for investors today in trying to forecast the future price of silver is the enormous amount of contradictory analysis on the Internet. There are bulls, bears, paper traders, physical buyers, technical analysts, hedge funds, commercial banks and silver manufacturers all trying to play a part in this highly volatile silver market. Trying to sift through the huge volumes of silver analysis on the internet can be extremely frustrating. In addition, some of this information is not meant to inform, but rather to confuse or mislead the investor.