Loading ...Gold & Tech: How The Whales Trick The Retail Plankton – Matthew Piepenburg – VonGreyerz.gold,
Never in my 30+ years in the markets have I seen a monetary, precious metal and risk-asset setup more obvious yet more deliberately ignored than today. Below, we look at the converging signposts screaming from the tech/AI sector and the equally obvious (yet deliberately downplayed) signals from a precious metals market entering a watershed turning point.
https://www.zerohedge.com/precious-metals/gold-tech-how-whales-trick-retail-plankton
Underlying the whole shit show we are seeing now is the demand destruction in China. They may be hiding a coming or present depression in their economy. We never know with China and they may have filled their SPR for months with excess imported oil to make it look like all was well. Their over built housing sector is still suffering and much of the wealth of the average citizen is vapourizing. Domestic spending could be falling. Also they have a huge percentage of EVs powered by coal. Moving away from ICE vehicles. Demand destruction.
If the Conspiracy Theory in the back of my mind is working overtime I would begin to believe the Iran confrontation/Hormuz closure was manufactured to cover for some really bad economic stats in China and the West. I know it’s a wild theory but it’s out there.