Loading ...Yes and they are at it again today, where even with the horrendous CPI headline numbers, PMs are just about negative – just wait – it will happen. (expect another large open interest build in Comex gold today)
And with tech and banks through the roof – who the hell needs PMs?
And then when stocks top sometime here in the first quarter – well – with the deflation – who the hell needs PMs?
They got all the bases covered until investors figure out the situation is out of their control now and start buying stupid cheap commodities again like in the early 2000’s.
The money printing and rate cuts (bringing negative real yields) will be epic in the next Fed panic.
It’s coming – bank on it.
Cheers