Loading ...The big and relentless GLD & SLV call buying comes from hedge funds who have been sold the false notion that this brand of stupidity is a hedge for their broad market exposures. There are a bunch of ‘experts’ out there selling this crap, and Butler is one of them.
That’s why we need a broad market crash to show these knuckleheads this is not the case. Then the funds stop playing the calls, and voila, a lasting rally ensues once the gambler / sentiment baffles are cleared.
In process now. It’s coming.
Capitulation is on the way.
Cheers