Loading ...Yesterday you responded:
“It doesn’t matter what products are being used, whether real or fake, if the underlying mkt cannot function, due to blatant manipulation.”
My response to this is because investors/traders/whoever don’t distinguish between all the fake alternatives made available by the bankers to draw demand away from the actual commodities (GLD, SLV, AGQ, GDX, GDXJ, NUGT, JNUG, ETC) the markets trade based on how these same bankers / brokers / etc have their computers programmed — which is to punish ANY consensus — where in the case of precious metals derivatives is always predisposed bullish (how could you not be?). So as long as American betting parlors continue to set global prices (how the F can this still be the case?) trading this crap guarantees prices will remain contained.
And the fundamentals are bullish…no?
Thing is, bullish fundamentals don’t matter, because the computers are not programmed to give a flying F about them….which means (in case one is having trouble putting the logic flow together) speculator betting practices control prices…again…because they are always predisposed bullish (low open interest put/call ratios)…which controls prices 100%. Not 90%, or 75%, or any other number you want to imagine…100%. And this same dynamic applies to the stock market as well. The speculators are understandably bearish, but instead of selling they hedge in derivatives, ETF’s, etc. and despite bearish fundamentals, this crap continues to go up due to the perpetual short squeeze.
So again, I get back to the solution to this problem that traders will have to do, or this shit show will continue INDEFINITELY. Stop trading / buying the effing derivatives and start buying the physical metals which will rob the prick parasites of their ammo to control prices by avoiding these rigged markets…or again…the shit show we have been living with since 2011 will continue INDEFINITELY.
You will be dead before precious metals do what you are hoping for.
Buy bullion and shares and forget the rest. All we need is for a few hedge funds wishing to get out in front of the inevitable to figure out a way to put serious cash in bullion and we would be off to the races.
Call Eric Sprott…he will help you out.
Cheers