Comment: Silver chart today looks like a super ball.

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Silver chart today looks like a super ball.

If you look at the record-setting bullion sales of last month and look at the price chart for the month, any notion that "supply and demand" still effect the COMEX can be dismissed. Industrial demand is presumed to have remained roughly stable, so a non-factor. Silver mines are AT break even - they will start threatening to quit mining if it goes much further. The fact that JP's MASSIVE move in addition to record setting bullion sales is hardly a blip in the silver charts proves that the COMEX is beginning to come unhinged from reality to the point that even casual observers are going to catch on.

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