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Exised

6,386 Posts.

3086

28/07/20

13:39

Post #: 46125460
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Originally posted by aldo: ↑

This kind of metals price bombing is very expensive and is showing decreasing effectiveness. The fact that this occurring at the moment is indicative of the damage that is being done to the short plays and further indicates backstopping of this action by the Fed and Treasury. They are the only players with deep enough pockets containing lots of electronic cash to play this kind of game.
Whereas once I was upset when they did bomb the markets, I am now sitting back with the knowledge that they are trying to hold back the tide with a stick.

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Agree but never underestimate the stick against the feeble mind of the weak...

Last edited by Exised: 28/07/20
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