Hmmmm....let's see. Was it HOT? Yes, most definitely. Real, real hot. How about EXPLOSIVE? Ehhh, kinda. Silver from $27 to $35 ain't too shabby but not necessarily explosive. HISTORIC? Definitely not. Nothing historic about it. Lots of new longs and lots of fresh paper shorts, happily supplied by The Cartels. So, summer passes without an "HEH" move. Again, hmmmm. I wonder what's next?
I will be out for the entire day today. Here is an open thread for you. Now remember, just because Dad's away doesn't mean you kids can ransack the house and run wild. Play nice and remember The Golden Rule.
For fun, here's a discussion starting point that was emailed to me a few days ago.
OK, so it has been a few days since QE to infinity became official Fed policy. There is certainly an abundance of swirling news and discussion out there that dances around the real significance. Today, we cut to the chase.
I tried to warn you that this week was going to be wild. I expected the pressure and intensity to ramp up with each successive day and it most certainly did. By Friday, everyone was ready for the weekend. That's fine but, come Monday, you'd better be ready.