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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: E. Charters who wrote (7137)	2/25/2006 7:42:17 PM
From: koan	Respond to of 78416

Thank you Charters, that was a wonderful magical mystery tour. I really learned a lot. Below is an explanation as to why silver exploded in the last few minutes of Friday trading. Thanks to 1vpro and Thanks to iveson on G thread.... SUBJECT: Cafe Silver item....... Posted By: iveson Post Time: 2/25/06 06:56 « Previous Message Next Message » From www.LeMetropoleCafe.com Midas nightly commentary last night.... *** Silver exploded RIGHT ON THE BELL in one of the strangest closes in years. It popped 12 cents on that bell, more than doubling its gains for the day. Here is what happened. A small firm, Arch, bid for a piddly 200 lots on the close. There was NOTHING for sale, so he kept bidding to fill his market order. He hit every small offer in sight. Regardless of the reason WHY silver did what it did, and on so little volume, this should spook the shorts that it could happen … for any reason … especially with oil and gold SO firm. The strength of the silver market in London is noticeable … as are the efforts of the Comex shorts to keep silver from exploding every time it rises above $9.60. What we saw today on the Comex occurs time and time again. Gold rallied more than $8 off of its AM Fix, while silver could only hold onto an additional 2 cent gain until that phenomenal surge on the bell. This suggests silver tightness in Europe is really kicking in and also suggests the silver shorts are finally in the deepest of trouble … which the stunning late close today might prove. To support this observation the spreads in London continue to narrow, indicating market tightness in England. This adds additional focus to the feedback we are receiving from the STALKER’s silver source who keeps telling us something BIG is brewing. In the US the nearby spreads have been widening a little due to the March delivery rollover. However, they are widening against the back months. Look for all the spreads to narrow following the early March going. The silver open interest fell a steep 5512 contracts to 128,614. However, the March contract dropped a very sharp 17,546 contracts, suggesting a number of specs dumped yesterday rather than reposition in the May or July contracts. Our Comex floor sources believe this to be a constructive development which bodes well for the near term price prospects for silver. Both the gold and silver charts are super positive. Both show markets coming out of sideways basing action in the short term and blowing out on the upside out of these bases… April Gold futures.tradingcharts.com March silver futures.tradingcharts.com NewsBlast Sign-Up StockHouse NewsBlast: Receive company sponsored news and information via email. « Previous Message Next Message » This message (Post #11534148) has been viewed 27 times Report a BullBoards Violation Ignore charles99 Post Reply View Threads Go to BullBoard: Symbol Company Name