Loading ...The headline number, generating the headline “Q2 GDP Smashes Expectations As Personal Spending Soars Most Since 2014”, was designed to spook the PM specs out of there positions. The fact it did not is yet another departure from typical ‘status quo’ price management. As stated previously, we have finally reached the point physical demand is out-trumping the paper markets.
Can you imagine if the genius banker price managers in New York ever figure out they should be buyers of PM’s as opposed to sellers?
Can you imagine how much prices will go up when these idiots are forced into the market, if one still exists at such a point.
We can only dream.
As mentioned previously, once silver decidedly moves through $16.50 say good bye to the 1 handle in fairly quick order.
And then once through $21 … the genie will be out of the bottle.
Cheers