I don’t see how they get out of this mess. I suspect they’ll try to inflate their way out of it and then devalue the dollar, but I don’t know.
Maybe pm’s will actually outperform in the times ahead.
Looks like the funds are playing the scum’s game. They have been accumulating equal amounts of short positions, they let the scum come in and dump, and then cover into it, preserving their long positions.
SM taking another leg down and they are trying to take pm’s with it. We’ll see if I’m right and the buyers are able to withstand the sell pressure.
Surely, they don’t want pm’s to be the only thing up today.