Loading ...They are psychos because PMs are just the tip of the iceberg in terms of the entire derivatives colossus which could get triggered if gold and silver do enough damage.
Because who knows how the rest of the world is going to react to everything that is going on … with Japan, Europe, the entire West … looking extremely vulnerable right now
Peter Schiff gives an excellent perspective on just how exposed the dollar trade is right now … including stocks and bonds.
While it looks like a correction could arrive anytime … especially in counts of the shares … IMHO the surprises this year will be mind-blowing (and to the upside – evidenced in the ratios of the shares against the metal – especially for silver) … and timing the moves will prove difficult because of the above (again IMHO).
Thing is … if the Fed has the bankers’ backs … then why is open interest of both CME gold and silver not higher?
Comex is turning into a physical delivery mechanism … which is now driving prices … along with China … because people know what is coming … and all dips will be bought aggressively because people know the money printers will be doing exactly that without regard for price … including silver now.
Don’t expect big pullbacks.
The Donald is a tad unhinged to boot.
Cheers