Loading ...I really hope Embry is right about something breaking beneath the surface, but to be honest Embry, Sprott and GATA have been saying that for quite awhile now. What does have me curious is the worldwide bond selloff. Sinclair used to say if rates exploded gold would explode. The problem is that if rates creep higher, gold sells off. He admits that.
Unfortunately this isn’t the 70’s, algo’s now dominate, everything seems wired and controlled. I guess until it’s not?
The fact that JPM has accumulated 350 million oz. of silver is NOT comforting, to me it means they have a bunch of physical to dump on the market if they need to keep the price down. If we wake up one day and see price explosion in the metals, what does that mean? Have we gained anything?
Like the way the shares acted today, if we were in normal markets that MIGHT indicate gold rallies on a weak jobs report but who the hell knows?