Loading ...I was wrong about the tactic the assholes would use to squash the PM rally post Powell.
They used the inflation data.
Bad for PM’s but magically no problem for stocks because the idiot shorts are getting squeezed.
No shorts in PM’s though so they can sell off — silver is collapsing again — even with the S&P pushing 3k.
Only good news is the PM indexes traced out 5-wave impulses now, so after a correction at some point this should mean higher prices — in theory.
One thing is clear though – da boyz are not about to give up their control of the futures market…so this rally might be like 2016 once the speculators are exhausted — relatively short lived.
I hope not, but unless Murph is right and open interest in CME gold goes to a cool million PM’s will stumble again at some point with silver in lock down.
Cheers
PS I was going to poke fun at you again but I resisted.
I hope you know it’s in good fun.
Take a swipe at me when I deserve it.
I’m a big boy.