Yes the interventions in all the markets are staggering … there is no way this turns out well in the end … I sincerely hope the public grows a pair at some point and gets rid of the bums.
In the PMs so called market … gold sees open interest spoofing every day now … 12,000+ in preliminary numbers down to zippity-doo-dah (155) in the final tally … yet again.
Gold Futures Volume & Open Interest – CME Group
Gold looks like a shoe in to finish above the large round number at $4,000, but silver won’t make $50 by the looks of things.
I think they have one more down draft in November if the broads swoon but what do I know.
I’m a perma-bull normally – whatever that means.
Cheers
