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<p>[QUOTE=&quot;qsilver007, post: 1471686, member: 34667&quot;]Wall Street update:</p><p>Commercial shorts increased on the COMEX SILVER this week........those who follow probaly have agood idea who this is.........a major bank</p><p>Spec long were forced out although it was a small amout</p><p><br /></p><p>Options volatilities rose as prices declined due to the NO QE announcement.&nbsp; My professional thought, ifs that with the funds all shorting Silver at 27 and WTI crude at 78-79 we are very near the lows.&nbsp; Silver continues to hang on by a thread as the 26.00 area has been a major supprot for over 2 years now.</p><p><br /></p><p>Funds have done the heavy lifting by selling there commodities, and buying govt paper therfore decreasing the food and energy inflation while making it lesse expesive for the USA to borrow money.&nbsp; Fund perfornames in general during May annd June have been AWFUL as they tend to buy tops and sell bottoms.&nbsp; Many algos&#039;s have blown out and will&nbsp; or be out of business.&nbsp; So with rates where they are and commodity prices down, except for grains, QE will not be happening.</p><p><br /></p><p>THere was a huge call buyer in JAN SLV 2013 36.00 CALL, 80,000 contracts purchased by a fund.&nbsp; It was an opening trade, and it is pretty much the year high price for SLV so they are placing a large bet on a late year Silver rally.</p><p><br /></p><p>Gold continues to base at the 1530-1550 area, and the longer it hold here, the greater chance of a sharp move up.</p><p><br /></p><p>Silver and Gold low prices of the Day came around 10:30 eastern time on Friday, this is common as the Margin clerks usally give a bad position an hour or so after the open, in this case SLV and GLD open.&nbsp; They held there lows and cash Silver actually made a year low and closed up on the day.</p><p><br /></p><p>The new lowere prices have attracted more short in the futures complex, as they like to sell new lows.&nbsp; We are still of the belief that this will be a range year with 1520-1800 as the Gold range and 26-37 as the Silver range.&nbsp; </p><p><br /></p><p>Options volatilities are still low, so if you know options, there are some very rewarding structures you can place to make a bet on SIlver, or Golds rise.&nbsp; Platinum is excessively low, but as long as Europe is still in trouble which should be for another 4-5 years, short will Keeep coming in selling the PL rallies.&nbsp; It has no business being under Gold, and the Gold SIlver ration is ata major extreme of 59:1 silver being very cheap relative.</p><p><br /></p><p>Just because Bubblevision as we wall streeters call it, (networks that only have positive news on the world, you can figure the ones we mean), continue to talk about APPLE at 600 and the Dow being up today, does not mean the world is fine.&nbsp; Europe is still imploding, DENMARK&nbsp; SOLD BONDS AT A NEGATIVE YIELD THIS WEEK!!!!!!!&nbsp; People over there are so scared they are willing to take a haircut to give them money, that does not seem like a world where everrything is fine.</p><p><br /></p><p>It will now be the rest of the world&#039;s turn to do some lifting via money printing, and QE or whatever they can come up with.</p><p><br /></p><p>Conclusion:&nbsp; Gold and Silver still remain hard currency that is honored any where in the world.&nbsp; Russia, China, Turkey made large cash Gold purchases again.</p><p><br /></p><p>Gold is in the process of being made a tier 1 asset, as it ws back in the 60&#039;s, this would put it back in the same light as tbill, bonds and cash, and you would get 100% &quot;Margin&quot; for you holding.&nbsp; We believe this to be a game changer. Europe will not be solved for many many year, nor will our 15 plus trillion dollar debt.&nbsp; If you have a longer time horizon than 1 day, 1550ish gold and 27ish Silver are still going to be very friendly to you personal wealth in the future.</p><p><br /></p><p>PS:&nbsp; This is simply info from a WS perspective, hopefully spelling grammar and page breaks are better than last week, I will check in with my fellow coin collectors later on.&nbsp; I hope this may give some of you an insight which you may have not known previously.</p><p><br /></p><p>Have a pleasant weekend,</p><p>Sincerely,</p><p>QSILVER007[/QUOTE]</p><p><br /></p>

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