Loading ...Painfull But Positive
The two day smackdown by the banksters, in collusion with the FED nonsense of saying nothing new but pretending it’s hawkish, has set gold and silver up for the next leg of the bull market. Look at the inverse H&S on the gold chart. The silver chart shows a pullback to the 200 day mvg. avg. Send the banksters a thank you note for providing another great opportunity to get more for your rapidly declining fiat. 
Anyone who thinks these are free and fair markets, with true price discovery, is brain washed.
The Fed and the other bank-sters are essentially a mafia, with an agenda and goal to own and run it all…
And to confirm that, how do you explain the sharp drop in interest rates(as I said twice this week the chart of TLT was telegraphing) while the dollar climbs from under 90 to over 92? TOTAL MANIPULATION!
The Fed wants to engineer another crisis: for the next problem, reaction, solution play.
Their solution is to roll out their new smart digital dollar, programmable of course.
This is one remaining card they have to play, as all the other cards are used.
If they stop issuing and buying debt, the inflation slows down, but the system will go into a total credit freeze.
Then its back to the stone age.
Yes, I think they (JPM and friends at the behest of CB’s) panicked and saw how the miners (GDX majors) and gold were setting up at 1850 to blow higher (hammer candle in the upward channel) along with silver resiliance and they agreed for one last slam on the paper price to cover their shorts (which they are still doing today and still at a big ‘loss’ I’d guess) – just speculation here > but they are probably covering their shorts with blackbox trades involving CB agents so as not to move the paper price as CB’s and friends do not have a profit motive), possibly also in reaction to coming basel3. Move seems 100% manufactured from a technical POV. No rational players are selling their phys here.
Sir YYZ, I think you are spot on when you bring up Basel III.
In 12 days Euro banks will be under new guidelines regarding valuations of unallocated holdings.
American banks will be following suit July 1st of this year.
UK banks get a pass until Jan 1 2022 … I guess they are knee deep.
This looks to me like a final shake out too.
Cheers