I’m now watching the June lows for gold, July for silver …..will they hold or not.
Meanwhile the really big problem we have is the way the Algo’s are linking PM’s to Rates, in a negative fashion…..which may work for now, but in the long run is flatout insane….Rates can’t seriously rise, or all western governments go bust, so printing has to be the only answer, in a normal world both case are PM bullish…ie rates up everyone bust, super PM bullish……print PM Bullish…..However we have the Algo’s
Plus the only other answer to the debt is revalue PM’s…..
Plus I also think we have a monster globalist trade on, to ‘eff Trump…..why else did the rates come back like they did for no reason….yet none of the other mkts took back the losses….
PS the car situation in Europe is flat out insane…the industry is a monster employer , not just the major Co’s but all the ancillary Co’s, Volkswagen is Lower Saxony, the Sate it is based in…it is now beyond obvious people will not buy EV’s in the numbers to keep any car Co’ solvent, worse they cause them vast losses and now massive layoffs….yet the crazed EU and most politicians will not back down ……..
What I see happening in the next few years, is a total collapse of the EU, as the likes of the AfD and Le Pen get elected, they all see who and what the problem is…the EU…….This is a major reason the lunatics are trying to trigger WW III , in order to let them cancel elections….again this should be monster bullish for PM’s….perhaps another reason the selling is so vicious in PM’s