Can’t Keep A Good Man Down
As expected, the metals bottomed on Tuesday, the last day of February. While I had no expectations for a run away rally off the bottom, I did say the paper short sellers had likely covered their shorts during February while the COT reports were suspended. The trading action I am seeing is positive and next week should continue to build on the rally. I do expect more lying from the administration on the jobs numbers and the same bullshit message from all the FED heads about fighting inflation and higher rates for longer. It is all cover to keep propping up the dollar for as long as possible before everything heads south in the second half of the year. If they give you pullbacks, say thank you, and keep buying gold and especially silver.