Agree… each mini dip is bought and those slam downs which once scared the market are seen for what they are now… fear on the short side in reality as their positions become utterly horrible and impossible to break out from now… They just will not be able to find buyers for them in reality or find the metal period.
Gold will continue to bind higher… when it starts to move some of those shorts will have to bit the bullet and hope it doesn't escalate badly quickly but that they have some more time to try and figure something out… but figure what ?
Every piece of evidence and all road lead to higher gold. Either poor growth/recession and debt higher gold and silver rise or they get their saviour in inflation (OMG that's the best hope now…) and Gold and Silver rise. Either route PM's rise and the shorts are going to suffer. What comes around goes around in the universe. Slow pain for the PM community will be harsh quick intolerable pain for the shorts.
JFI
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