Loading ...Hook has been making the liquidity argument, ala 2009. the problem I have with that argument is that back then the HUI was at much higher levels. Now the sector is so tiny, just how much liquidity are they going to squeeze out vs. tech or something else in the market. Lastly, the biggest source of liquidity would be found in GLD, yet GLD continues higher.
So far I guess the liquidity argument is correct? My sense is it may have a lot to do with what’s going on in silver as well.
Ten Yr. down to 1.27%