Loading ...Bonds & Stocks Battered After Bombed Auction, Silver Soars
ZH readers comments=
Tuesday was so vicious the majority of the leveraged speculators and weak hands (think robinhood noobs) got flushed out. I was expecting that move but over the course of maybe 7-10 tradings days, not all at once. I didn’t F around and bought more of Sprott’s physical gold and silver fund almost at the exact bottom (ticker CEF on the TSX) in my tax free account. I was very surprised my target got hit in a 1 day purge.
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As I said before, this rally feels a lot different than a decade ago. I’m not kidding myself, there will be other smack downs, but I can deal with that.
Yes, I added quite a bit to AGQ when it dropped 25%. I normally then sell the gains and buy physical, but for now I’m letting it ride.
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I was on the verge of ordering another mini monster box of 250 Perth Mint kangaroos and hesitated, thinking wait another day as the banksters will likely smash it down even more! Oh well, as the phrase goes…. he who hesitates is lost!
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Well! Well! That big chunk of ASM I bought a while back is really returning well. Can’t have PMs without PM miners can we?
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Bonds & Stocks Battered After Bombed Auction, Silver Soars
Mark Gutman (@MarkGutman9) noted this odd move:
Of course, all this (falling bond and stock prices and rising vol) was bad news for Risk-Parity funds and may lead to some exaggerated swings as forced deleveraging takes place…
The Dollar ended the day lower but rallied as the SHTF this afternoon…
Source: Bloomberg