Loading ...The action in the paper markets just seems contrived. Repeated attempts to shake the tree knowing full well they can only do it for a day, or even just a few hours. The shares seem to know it today. They are having trouble manipulating the shares and metals together.We saw that with the big down day in the HUI a few days ago. Demand for both must be pretty strong.
I wonder if the news about the 401K’s is part of the reason pm’s have been so strong this year. Big players with inside information front running. Next up will be asset allocation recommendations from the banks.
There’s been no reason for the metals to be weak the last couple days. Just games.