$117
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$117
They're fighting it HARD....
But they will fail.
Arms of the hydra aren't strong enough to keep that silver ball under the water when it want's to pop up!!!
u/#cashmoney
Moves and volume like today indicate somebody is fighting for their life. I believe it is Bank of America trying to keep from getting liquidated. They are unlikely to survive at this point as they have already been designated the "Bear Stearns" sacrificial patsy by JPM Chase who will likely buy them for cents on the dollar. This acquisition would possibly be coerced by the Treasury Dept, who is likely aware of the issue.
BofA goes down first, then Citibank is the "Lehman Brothers" next domino to fall around $133-137 silver. In order to keep evidence of criminal activity under wraps (publicly) another big crime bank like Goldman Sachs or JPM Chase must buy up their assets either outright or in bankruptcy proceedings.
Yeah - Like what 100 million contracts or something bought/sold today?
Not sure how crazy that is, only really following the paper stuff recently.
Thoughts?
I saw the volume on the March contract was around 300k, they were trying real hard to keep it under the water. A”normal” day’s volume is closer to 50-100k.
Thanks!