Well here we have the overnight action with the same nonsense with a failed initial smash then a bigger downward blast to achieve their goal of sub $1800 before allowing it to move back up. Same with silver at $26. They are just taking the piss, while they can.
To the broader markets and Wells Fargo is pulling all its credit lines before the end of the moratorium on evictions and mortgage defaults at the end of the month. Looks like this is where the rubber meets the road. Bond yields look to be just bouncing off of an oversold position at this stage. The $usd remains elevated as it looks to test its previous swing high. The gold / silver ratio is in the process of rearing its ugly head and is not far away from breaking higher. If a liquidity crisis arrives then the $usd will almost certainly rise in value. We'll see how gold performs. We'll also see what the next step of the psychos who are running the joint have planned for us peasants if the crisis is big enough. Looks like a hiatus in regards to inflation may be arriving.
