Loading ...A ZH readers comment:
Futures jump because it is Monday… but people paid to write articles need to come up with something…
Of more interest… PMs are holding up well this morning… silver is hovering just below the current cap of 28…
The initial goal of the sellers has got to be to smash the price below 25… there about… as they have been selling above 26 for better than two months now with little or no opportunity to buy back in… they cannot sell forever as a default will end this game…
Ultimately silver must be returned to below 22… and preferably 20… to render it once again tame… a decisive breakout above 30… which is currently being threatened… would pretty much be game over… as there is nothing but air between 30 and the mid forties…
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Morning, no coiners!
I hope you enjoyed wanking yourselves off the past two weeks. After the coordinated FUD offensive by the financial media, Goldman got its long position on and we can resume the rise.
See you at $400k BTC, $20k ETH.
Oh, and as always:
Have fun staying poor!