Interesting you would say that I’ll have to double check wasn’t a low the same as the low last July? If so then a double bottom already occured. Could it be blamed on one thing, the interest rate? I’m wondering if someone is going to try to hold silver above the 50s and hold above 4000 gold before the CPI numbers come out on the 14th but maybe somehow someone gets those numbers early. That if there is a likelihood the Fed will not hike again they can either let it drop them move up or just start moving up or being too hopeful the sell off is over. If the CPI indicates another cut then it drops and then what, recovers as the last hike of the year or doomed.
There is a demand for all the metals more than ten years ago and everything they’re going to build but at the same time I bet you there is some influence with these mega industrials like Elon and others just like when hedge funds halted buying of GameStop and could only sell when it was being bought up and they had to cover their shorts that they want to keep the price down.