You wouldn't think true price discovery would be such a rare commodity but sadly it is and has been - forever.
The sons and daughters of the greatest generation were clearly not up to the task.
Rather than hard work due dilligence and perserverence, they opted for short cuts, sleights of hand, and dirty tricks to bring us to the corrupt bankrupt shell of a society we see today.
I always figured wall street was gonna dump the market in President Trumps lap just before the election but I sure didn't see it going down this way.
I always figured the socialist doctrines of bernie and now "stink finger" joe would scare wall street into staying out of it, but it looks like they are all in in the war on the president too.
I'm taking names and letting my pocket book do the talking.
As for a 25% retracement in the POG, it seems possible in the short term but unlikely for the long look.
There is still that little matter of the 32 billion short position held by the bullion banks. They may try to rescue themselves through raids, but any dips are agressively bought and these raids won't last, any more than the last ones did.
The banksters are fighting a rear guard action. They are losing, - and they know it.
