Short Squeeze From Hell
This looks like the short squeeze from hell. I expected a major reversal day but did not think they would have such a big selloff, because the CPI data was over exagerated. Just as Biden had the employment numbers massaged to create a tie with the lowest unemployment rate at 3.5%, as I pointed out before the release, I knew he wanted to be able to take credit for giving seniors the largest Social Security increase in 40 years. What surprised me, was the market’s over reaction to the downside. If you are going to manipulate the data and create an opportunity to squeeze the shorts, both in the stock market and gold and silver, might as well go as big as you can. Tomorrow is the key. While I don’t really care what happens to stocks from here, I do believe this could lead to a decent rally before the bear market eventually resumes. What I do care about is gold and silver and if I am going to be correct that they are ready for a big move to my most recent targets, I would like to see a big positive follow thru tomorrow.
The Bank of Finland has issued a warning for the populace to prepare for disruptions in banking services (financial infrastructure), and raise some cash.
Coincidental to Governor of Bank of England on Monday saying you have 3 days to sell everything???????
https://www.zerohedge.com/markets/bank-england-global-markets-you-have-3-days-sell-all-things
Just give it up with the bottom calls in silver, which you have been making since it topped almost 2.5 years ago. You are a broken clock. The day you finally capitulate will probably be THE bottom. Until then…
Give it up with your “trolling”. Silver already bottomed a month and a half ago so even though there was no mention of any bottom call today you obviously have no idea what you are talking about.