Some thoughts from James Mc on the epic situation in silver…
There have to be well-connected people who know silver is the most undervalued product on the planet. I have always believed however the only other entity who could ever take on the cartel would be another Sovereign. You’ll never win against the Fed printing press unless you have your own printing press. I’d like to think 230K OI with $16 silver is so extreme that the only possible resolution will be to the upside. We’ve seen however too many Houdini acts where the cartel just magically gets out from under their shorts. The question is, when do they run out of Houdini acts? I’d like to think Harvey’s EFP deal is saying NOW.
Likely Sovereigns taking on the cartel: China & Russia. Maybe this anti-Russian mania has gold and silver roots….