Submitted by Francis Soyer 4/27/11
Yesterday SLV and PSLV dipped by roughly 5%. My thoughts on this are the following.
1. I agree with a statement and do believe that 95% or more of the new investors in Silver have not one iota of knowledge regarding the fundementals of this metal.
2. Nothing moves in a straight line ever. It is a simple fact of the universe that there will be randomness in anything and everything.
3. JPM as a heavy short seller of Silver at this point has nothing to lose by shorting Silver naked in a suicide mission. After all the Fed, nor the CFTC places any Margin requirements on them only on every other investor so they can tip the favor of the game into the Banks hands as a loyal puppet of the Fed Reserve. JPM has already lost this battle against every one else and as a company is a zero. Like Enron we will see JPM's 180+ Billion market cap go to zero in one day. When that day will be will depend on how long they can maintain the lie that they are financially sound. With the mainstream media in their pockets it could be a while so its not worth it rite now to pick a top to short JPM. What is worth it is:
4. Buy the dip, looking over the past six months of trading Silver has not presented an opportunity to add like yesterday / today. These opportunities are far and few between so alot of people and even a friend or two who have been waiting for a pull back to leg in here is your opportunity. Remember this is not a sprint, it is a marathon that only ends one way. That way is Silver on top currencies and paper money at the bottom.
5. For those who are clueless as to the fundementals of Silver, lets review and this time from the producers point of view.
