Loading ...Captain – I had no idea the banks held that much physical. Would explain in part the big dump on Monday. Interesting that JPM hasn’t sold a single oz. too. I guess of the three banks mentioned, I’d rather have JPM on my side than the other two. Seems silver is seriously bullish, be nice if it translated into higher prices pretty soon. Same old games though, they haven’t gone away, and it sure doesn’t seem like a default is imminent.
Bonds have rallied pretty hard the last 3 days, rates down .25. Trump will put a lot of pressure on the Fed to lower rates. He has to.
Ipso – Maybe Trump is just keeping his enemy close. Maybe he’s just a tool and we’re being taken for a ride. I hope not. Kunstler has a good piece out on ZH. He thinks big change is coming and there will be weeping and gnashing of teeth.