Low_five
26th January 2011, 03:49 PM
Hello readers,
This afternoon, Gold hit 5 megatron backtardation in late day trading and sucessfully candlesticked the landing. Early in the day, investors contended with stagnation and accounting noise but powered through the zero bound interest rate. Notes of counterparty risk fucked everything up for shorts, and the longs hyper front ran the arbitrage. Three midgets, who are usually fairly loud, all stood around to see which one was breathing the loudest. Silver jumped the hurdle rate and tipped the inflection point all the way to the loss leader. Margin creep was the name of the game today, as silver shorts put on their silver pants and jackets. Market jitters stimulated panic selling which turned in to panic buying. The power ratio came into effect today as silver tipped 26.50 an ounce. Gold pushed on a string in a classic roller coaster swap. Silver longs and gold longs both short squeezed the war chest, which is illegal in 42 states. Gold etfs put in a stalking horse bid, which startled investors into soft commisions. Junior equity will prevail however, and prices will go up in the future for both gold and silver.
good day.
This afternoon, Gold hit 5 megatron backtardation in late day trading and sucessfully candlesticked the landing. Early in the day, investors contended with stagnation and accounting noise but powered through the zero bound interest rate. Notes of counterparty risk fucked everything up for shorts, and the longs hyper front ran the arbitrage. Three midgets, who are usually fairly loud, all stood around to see which one was breathing the loudest. Silver jumped the hurdle rate and tipped the inflection point all the way to the loss leader. Margin creep was the name of the game today, as silver shorts put on their silver pants and jackets. Market jitters stimulated panic selling which turned in to panic buying. The power ratio came into effect today as silver tipped 26.50 an ounce. Gold pushed on a string in a classic roller coaster swap. Silver longs and gold longs both short squeezed the war chest, which is illegal in 42 states. Gold etfs put in a stalking horse bid, which startled investors into soft commisions. Junior equity will prevail however, and prices will go up in the future for both gold and silver.
good day.