The Squeeze...Squeeze in the gold sector.
The more the S&P peaks the better gold and silver look. However, bull markets always go on longer than they appear. The airlines are always the last to fly.
I am sure we all realize there is a gold squeeze going on and we are in the seventh inning. There is a tremendous shift going on and in the gold and precious metals market. The west is trying to squeeze the cr_p out of gold and precious metals and the east is buying. BIG TIME.
Soon GS and other hedge fund managers will be caught with their pants down when the paper asset catches up with the bullion asset. There is a huge dislocation going on and if anybody asks for their “actual” gold there will not be any. Even London can’t account for their gold position because it’s buried in “bureaucratic manipulation”. Sort of like mortgage backed securities… except real estate is easier to account for.
There is more gold around on paper than actually exists and it’s not going to end pretty for the paper holders.
The miners may face more turmoil, but the end is near and when it hit’s its going to send gold to where it should be. First, the shorts have to be caught with their pants down – then we will see.
GWH