Loading ...In my view re PMs outsiders see the prices rising, and wait too long, and they all barge (with paper GLD SLV contracts ETFs etc) buy in on the highs and drive prices even higher.
Then, no outside buyers left, prices start dropping and they start losing money and all start selling all the nonsense paper crap they bought, selling at the market, and take losses and drive prices too low.
Hopefully they learned a lesson and won’t come into our sand box anymore. Naturally, we will be adding to positions on the lows, as the gamblers are selling out on the lows.