11:03 am (Hawaii) Spot silver chart looks haggardly, to say the least. Gold chart looks good with the one exception of CME Mafia diddling with it at will whenever it likes. The intimidation attempts are working, no doubt, wearing longs down. The oddball thing is, the more physical buyers get more at lower prices, the more apt they are to sit on that metal rather than trade it daily (hourly?) like paper. For now, though, logic has no place in the equation. I just want more metal. Cheap.
Le Fly: As silver goes, so goes the market? (June 2 2011)