Loading ...Yes this is why it is imperative for them to keep PMs down so they can print unabated.
This is why they are shorting silver on the bounce off Monday’s lows.
They know the baseline comparison of the Employment Report will be very good again this month set against the collapse last year. Between that and Jackson Hole jawboning at month’s end, expect $22 electronic silver to be tested and possibly breached.
I expect the attempt to put silver back in its bottle below $20 to fail however because their policies are sure to bring stagflation (because the money printing will not trickle down to everybody – mostly their friends / dupes), which just like in 2000, should unleash PMs after tax loss selling / liquidity related selling this fall is exhausted. (and faulty statistical comparisons are no longer possible)
Until then, be careful.
2021 is a Fibonacci 21-years from the 2000 lows. 21 is the most important number in terms of time intervals in PMs. ex the beginning of 1980 to 2001 (when PM stocks went berserk). This is highly suggestive we are on the cusp of a major turn higher since inflation adjusted prices are at year 2000 lows.
You won’t read that anywhere else on the net.
Cheers