Today my fingers fumbled a fiat currency coin, an interesting experiment to place it next to a half ounce gold coin and confirm the fiat coin is no better than a game token (the ones you use in the slot machines at a video arcade). Flipping it over the design caught my eye and suppressing the urge to vomit I realised from my reaction I have truly graduated from the University of Precious Metals.
Congratulations to Turd Ferguson - a new record of site activity. At last count 467 comments on one thread, stretching an already thin signal-to-noise ratio. But looking closely at the turd bowl, over time there have been some absolute gems buried - the least of which has been the appearance of no less than 4 'blythe' identities ("bsjm", "Blythe", "blythe_masters" and "Trinity B/Trinity Ble"). Now objectively, at least three of these are not the real Blythe (and possibly the fourth) but it's piss funny that 'Trinity B' put an entry in 'guess the price for silver' next Thursday comex close ($44.58).
With Silver's true value being discovered at a rapid pace, I just want to spare a thought for Wynter Benton, whose advice I surely traded on and am grateful for. I was right when I suggested they would be forgotten in the exuberation - everyone too busy counting their fiat gains to wonder why the price of silver suddenly began trading differently late last year. As silver punches into new highs, the new task will be trying to do homework to figure out at which point silver is over or under valued. I'm doing a project which should provide some good objective analysis, more soon -- Warren.
(Sunday Update)
The blythe identity calling themselves "Trinster" also had some posts under the tag 'Trinity Ble', which I had missed. Actually there was price information in one of the Trinity Ble comments - an incredibly good call, as detected later by 'Venturi' 14-Apr-2011.
"... I'll throw you a bone. Silver at no lower than $39.65 tonight. Will get to just short of $41 tomorrow, then back below $40 before creeping back up. Will get near to $42/42.50 on Friday. Next week, it'll go towards and probably through $43/$44... - Trinity Ble [ April 12, 2011 6:42 PM ]
Now the only reason I'm looking at this is that I'm toying with the idea of throwing some dollars into silver next week's dip so I want to test Trinity's price call (and also try out my digitizer for some chart markup). Here are those calls overlaid on the silver chart (approximate).
