Loading ...Yes, always painful to watch their games.
And yes, they have the power of the printing press, making it profoundly aggravating knowing they are holding gold and silver down using your own money against you.
Looking at the bright side of things, if one looks at a four-hour chart, you will see this is likely only a correction, with prices set to rebound soon. (Maybe tomorrow with the PCE)
It’s easy for them to fudge the GDP numbers because it’s just air – fake money going from one place to another. What’s more, the election models require a strong GDP right into the election to ensure an incumbent win, so they will pull all the stops in terms of the lies.
So, if you are wondering why the bull market in PMs is not spreading out to the smaller stocks and silver, this is why. They will pay for this down the road however, as very little new supply will be coming online until metal prices move higher as companies will simply not take the risk of spending large amounts in silver producers marginal deposits until prices get further away from current levels. A larger correction in silver for example would bring prices back into the red for many companies – all in costs.
This risk will not be mitigated until the money spigots are wide open again.
This should come next year once they pull back on money printing post the election.
Just a 20% correction in the broad market should do it.
They will be sending money to your bank accounts again.
Hopefully it won’t be to a CBDC account.
Anywho – gotta go.
Cheers all