Mornin State. I have a different perception not only of the fishing lines today, but of the last two months of mafia metal management mainia ( alitteration if honor of the now retired Mogambo ).

The last two months metal price action is a result of the massive paper shorting by the boyz. The increase in shorting is an all time $ record. What we are seeing this last week or so is the boyz covering those shorts. They are still the biggest gorillas in the zoo and they do as they damn well please. They have bought off the politico's so there will be no criminal prosecutions EVER for that scum.

The difference since last week is the huge daily transaction volume was not accompanied by anticipated rise in open interest. What this implies is the criminal short elements are overloading the longs with paper threats. When the longs sell, the Boyz buy. The boyz do this as the cheapest way to reduce their net short position and it has one significant difference than their past criminal activities.

The result of this reduction is net shorts is that the boyz are increasing their long positions. Soon I will be able to compare the TOI, NSOI and NLOI data with recent values and will then be able to show the boyz exiting their shorts. I will be interested to see if they ever get NET long. If that happens all the talk we have heard of metal price explosion will become reality.

The noise we see in the main stream propaganda persiflage is just that, noise. They will not touch the paper hangers activities usless they were somehow forced to. I won't hold my breath.

The good news, is that this volatility, this pounding, has a finite life span. It will end and will we willsee the price of the metals going up as a result. Just not today.