Loading ...Pathetic but true.
The only reason PM stocks showed any strength today was because we have panic buying in stocks generally.
We have this because Trump and company are threatening to bring in substantial tariffs, so people are buying anything that is not nailed down to front run this potential inflation. Notice silver was not allowed to rise however; the message being PMs will remain suppressed. And sure enough, the bankers are selling futures like crazy. (OI is through the roof.)
Metals Daily Exchange Volume & Open Interest – CME Group
Expect this to go on until February when Trump and company will have to back off the tariff nonsense talk. Some trinket tariffs might be announced.
They did buy another month though.
I wonder what the next ploy will be?
They might let stocks go down somewhat to bring a bid back into bonds.
No need to buy PMs again.
You gotta wonder.
Cheers