Loading ...That is a very good observation.
The assholes in charge are right out of control now – characteristic of all psychos in the full measure of time. Like Hitler would have done at the same stage of the Nazi’s cycle, in increasing the pressure to keep the prices of gold and silver contained now, they are sowing the seeds of their own destruction as the larger cycle – God’s Cycle – Mother Nature’s Cycle – matures into biblical measure. Accounting for the clusterfuck in Russia over the weekend. (Hitler demise was sown by his attempted invasion of Russia.)
If you are a “gold bug”, the reason the current corrective phase in PM’s feels so harsh, is because it is that harsh. The assholes in charge can’t let the real solution to their tyranny get out of the bag while they are attempting to install the most ruthless brand of communism ever concocted in the history of man on the world – better known as CBDC’s. So, you can expect the beatings to continue into the Fall as they bring down stocks just at the right time to force all the weak into their new control mechanism.
And as with Covid, many will succumb.
Also though, and as with Covid, they will likely not get enough of the world to play along (China, Russia, BRICS, etc. will not) – and they need the entire world to conform, or decentralization forces will crush their aspirations (the mother-weffers up and down the line). And as process continues to unfold, and as with Covid, their “crazy train” to hell will fall off its rails.
Therein, when supply and demand fundamentals in the physical PM markets (and other commodity markets) begin to matter again (which they have not for a very long time), prices will move higher – not only doing what they are supposed to do in times of uncertainty (and currency debasement), but also, expose these scoundrels for what they are – the lowest of the low deranged psychos ever to walk the planet.
The timing of all this should look much like that of the year 200o, where they lost control of macro forces as well. (Look for the ultimate bottom in the Fall). But this being the highest order wave ever, and in looking at the future, one should expect a blow-off like no other to unfold in the years to come, as the elites (and everybody else) are reintroduced to the concept of God.
Have a good one.