Loading ...Anybody with half a brain knew this was the purpose of the Mid-East psyop.
Risk on – risk off exactly when they need it so the algos do their thing with the stock and bond markets.
Things were softening up a little this morning, threatening to spark a rout going into the weekend (not allowed), so magically all of a sudden Iran is not a problem – and oil is down $3.
The only problem they have is it looks like silver wants out of its box with all that’s happening behind the scenes in physical demand / supply so it will be interesting to see how far this intervention goes.
If the treasury auctions crap out next week things could get interesting sooner rather than later too – prior to Christmas not after.
Of course, to bet against these loonies regarding the sacred Santa rally season has rarely been a good thing.
Perhaps this is the spark for silver to pull a ‘crazy Ivan’.
Who knows but a follow-through in silver over the next few days would definitely be a departure from their usual tolerance levels (zero) – that’s for sure.
Meaning new accelerating Fed based currency debasement operations dead ahead.
Cheers