Loading ...I think the only hope is that the SM gets going down in earnest and pm’s go down with it (maybe 10%) for a little bit before money starts coming in like it has in the past during bear markets. Even with that, how much lower can shares with low RSI’s go? We’d have to see much lower metal prices too. We have been selling off for 4 straight months already, it just seems that there’s a chance we’re leading the SM. Who effing knows with the paper players controlling every move?
Fed chair Warsh will be tested already in the June meeting. It would be helpful if the SM cratered.
Central banks continued accumulating in April according to ZH.
If Trump is truly considering gold-backed bonds in July, there’ll be buyers in advance – all insiders.
Hope stinks eternal, but if they don’t get rates and the dollar down and the SM continues down, they have problems. Maybe that’s what they want.
What I do know is that when I’m in a rage like I am right now, the bottom isn’t too far off.