There’s chaos in the markets and on Main Street, but since the cartel is so kind, that means a flash sale on phyzz instead of a fear trade surge!
(by Half Dollar) The stock “market” started “crashing” on Monday.
Gold, however, had been holding up.
That is, until now:
There’s chaos everwhere!
Silver’s getting hit pretty hard too:
Because, well, why the heck not?
What’s going on?
Here’s what I wrote for SDB this morning, which may or may not be published yet, so here’s a sneak peek:
In other words, everything is breaking down!
We have, in no particular order:
- Election uncertainty rising
- Stimulus talks on hold
- A so-called coronavirus “surge” and newly imposed lockdowns/restrictions
- Increasing civil unrest, looting and riots in the streets of America
I know, right?
All of these things are bullish for Gold & Silver when it comes to the “fear trade”, but since we live in a world of disgusting market intervention and nonstop rigging, well, this is what we get:
Until people Starve the Beast, it’s BOHICA!
What’s the use?
People love gambling in the rigged casino, those pathetic enablers, even if they are “winning” or “sticking it to da man”, for now.
But I digress.
Thank you cartel, for giving us Silver Bugs, stackers and other smart investors a better deal in converting our unbacked, debt-based fiat currency dependent on exponential, unsustainable growth into real money: Gold & Silver.
Here’s the $64,000 question: How low will silver go, and how long will it stay down?
The paper price may go lower, but with “premium creep“, the real price won’t fall all that much, that is, if you like your silver like you like your women – real – and I really don’t think silver stays down for long.
One of these smashes is going going to backfire and blow-up in the cartel’s face.
And it will be ugly.