Loading ...I think they are spoiled brats…just like the libtards and bankers. The problem with free money is everybody’s brain turns to shit. You debase the currency you debase everything else. Welcome to our world.
That said, I think a reckoning is fast approaching now because I view the sharp increase of open interest in Comex gold and silver (mostly gold) this past week as a sign of desperation. Obviously the NY bankers don’t have much gold left so they must get increasingly brutal with the paper in order to attempt to scare off buyers.
Nobody knows what will happen, with the expected outcome being another smash down as idiot speculators puke up their long futures positions, but that might not happen this time under the right conditions. The ETF players are seeing this and increasing their bets to capitalize on the fall. This might only be temporary because they are mostly brain dead gamblers that base their new bets on what happened the previous day (it’s going up — I’ll buy calls). But again, who knows because they might be running out of currency to play with soon too (like the NY bankers are running out of gold with no new prospects to steal more.)
I of course don’t believe in miracles so a bounce is likely all we will get.
Cheers