http://www.biiwii.blogspot.com
http://www.biiwii.com
Surprisingly sedate overnight with no evidence of the forays of despotic deception that were clearly orchestrated yesterday when momentum moved to the upside particularly in silver. The facts with the exception of open interest remain benign as GSR is essentially unchanged ~42.30 as is RSI ~67.30. Open interest is low in absolute terms ~487,000 contracts but did add 6,000 contracts Friday; gold continues to be underowned...deal with it. Today: The headlines focus on today's March silver option expiration weaving this event into the great expose of fractional silver shorts...relax...as my magic 8-ball says, 'All will be revealed in time'. However events unfolding within our very own borders give real meaning to that classic line, 'show me the money' and you had better consider where it is going to come from.
