Loading ...Re: your 12:24 “You need shorts to get short covering. Except the bankers — everybody is long PMs — unlike stocks (hence the squeeze today).
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When you say “everybody is long PMs — unlike stocks” who are you referring to? the General Public? ….or Professional Traders?
Personally, of all my friends and acquaintances, NOBODY I know has ANY appreciable amount of PMs and ZERO mining stocks. But they ALL are loaded to the hilt with FANG stocks – and have absolute rock solid faith that the markets will come back to life and beyond. They could give a fig about the Fed flooding the market with $$ – figuring that the money will go to the FANG stocks.
So far they have been right. Me – not so much.
I appreciate your posts btw.
Cheers,
db