Friday, May 7, 2010

Silver Finally Launches...

Quote of the day in reference to the vertical move in silver this morning: 
Maybe a trader typed in a million unit buy order for GOOGLE and accidentally typed in SILVER instead.
I recommend reading the author's commentary on the silver action today:  Jesse's Cafe Americain

8 comments:

  1. Odd to see Silver move in a straight line...UP!

    THE SGR must revert to the mean. It will be interesting to see how/when this comes about.

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  2. "Maybe a trader typed in a million unit buy order for GOOGLE and accidentally typed in SILVER instead."

    Haha, classic.

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  3. I always read Jesse and Dave. Silver is my favorite, but you know that.

    I have Beef ribs (and babybacks) all rubbed up and in the fridge for a BBQ tomorrow. I will post some pics after the cook.

    Friday night post up in about 45 minutes.

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  4. http://market-ticker.denninger.net/archives/2286-CFTC-Warns,-GOLDSILVER-Spikes.html

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  5. Just read over at Zero Hedge that LIBOR is taking off. Funny, I noticed over the past year that Credit Cards have stressing how the APR on their credit cards is now tied to the LIBOR rate, stuffed into the disclosures for the changes in accordance with the Credit Protection act. These use to be tied to the Prime Rate but have been switching over lately, I guess cause the Banks know that Fed funds won't be budging for a while but LIBOR will take off.

    Just an observation. Any further insight would be great.

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  6. Dave,
    Some more rib pictures up tonight from my cook yesterday, enjoy!

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  7. gyc, I just ate dinner and those pics made me hungry again.

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