Loading ...Things should get better for the shares after month/quarter end window dressing. (at some point)
One of the worst features of the hedge fund operational side is the stupid fashion show that goes on at the ends of all the time periods.
PM stocks are putting in reversal doji’s today – so Monday could be brutal if the shares don’t come back today.
I am not saying that will be the case, but the crazy bankers are dumping all kinds of futures contracts here, especially in silver, so who knows.
I certainly don’t see any technical or fundamental reason beyond that to sell PMs.
On the contrary – the reasons to buy become more profound by the day.
The bankers are nuts and have committed themselves to a suicide pact now however, so you know what to expect there too.
Goldman put out buys on PMs and the shares this week, which is code for sell because they always sell their clients out, using them for liquidity when they want to sell (or getting paid by the gov’t). So, there’s that too.
Fun times