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.
Finally, some action similar to what I was looking for this week. Thank you, Mr. Ben Bernank!
For this post, I'll dispense with all of the economic doom and gloom and concentrate solely upon the technicals. I know that most of you reading this are only looking numbers today, anyway, so here you go.
Yuck. This week is turning out to be one that I'll want to forget. I had thought/hoped it would be a volatile week with new money finally flowing back into the PM pits. Wrong! Just the same old, same old.