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33,126 Posts.

1404

29/08/22

14:27

Post #: 63384643
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Originally posted by happybear45: ↑

The fed is not only raising rates but also saying its going to RAISE THEM SOOOOOO HARD in the future. Which to me indicates they want these current interest rate hikes to do more than they would by themselves. They want people to be anticipating these never going to happen hikes and pull themselves in a bit. Cool the economy with words alone, not sure how that is going to solve the inflation problem but they probably know they can't fix that now and are trying to wring the last drop of lemon juice.

The interesting thing about what is happening right now is whilst the fed is manipulating silver and gold downward there are countries like India, China, Russia and many others buying up large amounts of silver and gold and moving it out of western vaults. So these lower prices are going to be making the physical problem, especially for silver, even worse.

The LBMA August report is going to show another massive drop of silver from its vaults, last month dropped it to the lowest level since they began releasing numbers (2016). SLV is leaking metal too. Massive buyers are out there and getting hundreds of millions of ounces of silver at speeds not seen before.

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Poor deluded goldbugs...living in a little world of their own.
1 Upvote

0 Great analysis

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