Loading ...I told you guys a long time ago the bankers have the rig in the markets perfected because it preys on greed and human emotion so it’s self-fulfilling. They know that as people see the currency debasement accelerating idiot specs will buy calls on the ETF’s and give the computers the necessary distributions to suppress prices. This is exactly what is happening right now. And now they also have bitcon to siphon off PM buying as well.
Until this stops…expect more of the same.
I think it will go until the commies are firmly implanted in DC in March – the timing being the same as the tech bubble in 2000 on a seasonal (annual) basis. (the commies will want to crash stocks and bonds then to move to the next stage of the takeover – making increasing numbers dependent on them)
Again, PM’s did not do well in 2000 and they won’t later this year either unless the idiots in this country start buying more physical.
That’s the only way PMs will go up from here unless the bankers want them to go up (not likely).
So to all the idiots out there – stop buying calls on the derivatives (ETFs, etc.) and buy some effing physical and take delivery.