On Oct 3rd, the Wynter Benton group (the group of supposedly ex-JP Morgan traders with a grudge against their old boss Blythe Masters) GUARANTEED that silver would trade above $45 by November 30th, 2011.
Well, WB's time-frame has officially expired, as the globex session closed today with silver below $33.
Many of our readers have had strong feelings regarding the legitimacy of the WB group.
While WB had many extremely accurate calls in early 2011, does WB's $45 Silver by Nov 30th Guarantee (which did not ever come even close to occurring) and subsequent complete silence from Wynter on the JPM yahoo board indicate a complete loss of legitimacy of the group- or could WB have been MF'd by MF Global?
We'll open up the thread to let readers debate the issue.
From Wynter Benton on Oct 3rd:
Our group GUARANTEES that silver will trade above $45 by November 30, 2011. No caveats, no excuses. The charts arent saying so but we are stating that silver will be above $(45) by November 30, 2011.