Monday, February 22, 2021 5:02:58 PM
In short, it's the same old story. The markets are rigged, we know it and it can be proven, so what's new? Nothing that I can tell.
The People buying into the metals paper market have to be informed and knowledgeable about what they're doing, unfortunately they aren't and will continue to buy GLD and SLV because of the liquidity they bring. A lot of people will get burned in the end, but I won't be one of them.
What happens later this year with the Basel III requirements is yet to be determined, but it won't surprise me if that ends up being a scam too. If none of the rules are ever enforced, then what's the point in having rules?
IMO the only way this will all go away is the paper market being taken down and revealed to EVERYONE for what it really is. That being a price suppressor for the real metals they hold down.
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