Loading ...You know what they say about a market that doesn’t want to go down. In spite of repeated attempts to take the metals sub-$1500 and $18 they keep coming back. It still seems the buyers are every bit as resolute as the sellers. The most likely path is still to $1600/$21, and beyond, cartel hissy fits aside.
Connecting the dots
Bill,
Connecting the dots:
*Deutsche Bank implodes.
*Gold and silver begin their ascent and unusual activity.
*Treasury yields sink dramatically. *Global CB’s race to ZIRP/NIRP
*Crude oil explodes 20% higher in a single day.
*The Fed starts injecting near-daily $75b. bank loans via overnight repo.Conclusion: There is big time systemic risk going on. Various cartel banks have suffered massive derivative losses and are being loaned funds to cover margin calls, along with covering losses. With overnight repo and QE backstopping them they effectively don’t ever have to cover margin calls, or suffer catastrophic losses. Insiders see this systemic risk and have been securing precious metals, or at least with derivatives what they THINK are precious metals. Ratcheting interest rates lower gives banksters more cushion. Everything else you hear is just pure MOPE.
Yesterday’s gold and silver smash was proof positive that in spite of the DOJ/JPM investigation the cartel is still actively in the gold manipulation business. The DOJ going after JPM for spoofing precious metals is like sending building inspectors to Jeffrey Epstein’s properties to investigate building code violations while the heinous crimes were going on in plain sight right under their noses. The DOJ could NEVER investigate the systemic, and heinous gold/silver price suppression because as Chris Powell has documented JPM is authorized to do so by the government.
James Mc
From. Murph tonite==
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