Loading ...Martin Armstrong has the war drums heating up again in April … but a bottom could come sooner … in March … if the bankers can’t swindle another selloff then too.
As with today they used the algos to trigger a minor liquidity event … that could blow over tomorrow … or a week from now … which is my thinking … reason being the open interest (OI) put call ratios for GDX and NUGT are still in extremely vulnerable positions … which could pose a problem going into expiry.
This, plus some index related weakness in the broads … could provide a negative liquidity environment.
And if this kind of betting persists through March … well … then Martin could be right.
EDIT – I forgot to say with earnings coming out now … where speculators are long PM stock index calls … this is the reason they may not cover these positions because the earnings should be good.
That’s the problem … it’s always the gamblers looking to make big money quickly.
Cheers