Loading ...… all the idiots that bought gold futures recently … are puking their positions today … rinse repeat.
These hedge fund managers and CTA’s are so drunk they can’t remember what happened just a few weeks ago.
They throw big lavish parties for themselves at the expense of their investors.
It’s just a big party to these clowns or they would be buying the real metal.
Anywho – they have degraded silver specs to the point they finally are no longer playing – transferring a great deal of pricing power to the physical market – hence it’s relative strength today.
Silver just triggered a five-wave buy signal in the SLV to GLD ratio (the inverse of the widely followed gold/silver ratio) yesterday.
In the words of Teddy Rosevelt – who confiscated a great deal of silver from foreign lands for the international bankers so they could conquer the world – BULLY.
It worked for him so maybe it can work for us this time.
Chuckle