it is a complex system but the wind at the back of "the shorts" or the wall street players is economic data and if not evidence, a constructed story that a recession is on the way, and will be here later this year. If that is so, the major averages and stocks in general will start to wilt many months before the recession occurs, perhaps as much as 6 months. ergo, if the recession is deemed to have arrived by Oct 15, then stocks might start going down 5 to 6 months before then.....at least this is the way it has worked in the past........and in recessions, gold and silver in particular, always get crushed in the early stages. The FED has said they want to inflict pain, to stop the inflation, and that they are in so many words, in favor of a recession, and they know that in the past this has meant wilting stock price.....so the shorts and bullion players have this huge wind at their backs. Last week a fed governor said the fed would not be easing soon, but instead might be continuing to raise, and she is considered to be most alligned with Jay Powell, and Fed Watchers all know this. So the FED ease story took a major hit....
and that's all with the news for now...
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