Loading ...……Today’s stock market action has absolutely NOTHING to do with reality…..All of the Commodity Trading Advisors (CTA’s), in large part, have advised clients to sell premium on the upside (Out-of-the money calls etc.) and as the stock market goes higher, clients portfolio’s get shorter and shorter, and have to cover. ONE GIANT SHORT SQUEEZE!
Again, it, in some part, may have to do with end-of-the month marking/positioning.
It has affected the PM industry for quite some time, as we all know!
But, what makes my blood boil, is that it continues to FIX nothing, and only HIDES the real problems. Trump has to know that the economy is UNFIXABLE! What is he going to do? Capital controls, Defaults, re-valuation of the US dollar somehow???
As investors continue to get sucked into this financial matrix, the inevitable pain will come; it’s just a matter of what form it’s going to take.
My rant is done.