I have not worn a mask nor gloves since the exercise began.  All I have seen is fear for months when I go about my daily life. When the few people who have asked about my non compliance I simply

say with a warm smile “Be not Afraid”. I traded out of the goldies on May 19 when the GDXJ had traded outside the daily Bollinger bands for three days as noted in my May 19 comments on Patricks

post about silver possibly topping. Generally, when you trade and close above the BB on a daily for three days you have a 82% chance of  a short term top similar to what occurred on Feb 24th of this

year.  I learned about the implications of backwardation from the writings of Dr. Antal Fakete where he argues that when a monetary metal like gold goes into backwardation it implies that the payment system/supply chain is about to collapse.  Gold went in and out of backwardation starting in the third/fourth quarter last year and we all know what happened after that.  As I write the futures price of gold is lower than the cash price giving us backwardation again.