Sunday, May 15, 2011

Sunday night takedown



7:25 pm (Hawaii) More like Monday morning, that is. As has occurred before, Monday 1 am in New York means it's time for the puppetmasters to pound Spot Silver down. Where will it go from here? I don't know. Just glad I'm 100% cash and ready to pick up a little more physical with a big discount. Must be patient. Maybe I get more today. Next week. Next month. It may seem altogether too conservative, but my main goal right now is to beat inflation with singles to right, bunt singles, walks ... no swinging for home runs here.

Le Fly: Playing the leg lower (May 15 2011)
Le Fly: The Mother of all black swans is upon us (May 15 2011)
New Zimbabwe: RBZ urges gold-back Zim dollar (May 15 2011)
MarketWatch: IMF chief set to resign: reports (May 15 2011)
Bloomberg: Goldman's O'Neill tells investors to brave black swan concern (May 13 2011)

Update 10:43 am (Hawaii) Spot Silver at 34.66, off its low of 34 from noon Sunday (Eastern time). Just posting a link to an interesting video made a year ago by Scopelabs.

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