U.S. markets are totally oblivious to the coming storm. Keynesian economics is built on the foundation that nothing can happen which government monetary policy cannot resolve without much economic damage (at least to the major market players whose financial shenanigans are always underwritten by the U.S. taxpayer). The system has become so inured by its ability to manipulate commodity markets via derivatives that the Mercantile is entirely speculative and has lost sight of the supply/demand mechanics of the underlying commodities for which it was created. This works as long as everything is settled for cash; once the squeeze begins to shift settlement to "stand for delivery", the derivative market collapses because failure to deliver still carries significant penalties. What's unknown is just what extremes government will go to in order to postpone the coming economic collapse.
I believe that Alasdair’s message is that the people trading in paper don’t really understand the underlying mechanics of the commodities’ physical uses. But that means that there is an opportunity to stack now at bargain prices before they learn…but learn they will.
Well, if the silver demand is so high, the price would be high but it's not. Silver is falling towards what would probably be a correction low in the 50s. I just don't understand this whole idea of talking about things that are in this great demand and not paying attention to what price tells us. Price and volume isn't that what technical analysis is about?
I'm not saying silver will not be going up a lot. But that's in the future.
I think it will be higher and I invest in it. But right now it's not, and I don't think the demand is high or the price would be higher. It's really simple.
U.S. markets are totally oblivious to the coming storm. Keynesian economics is built on the foundation that nothing can happen which government monetary policy cannot resolve without much economic damage (at least to the major market players whose financial shenanigans are always underwritten by the U.S. taxpayer). The system has become so inured by its ability to manipulate commodity markets via derivatives that the Mercantile is entirely speculative and has lost sight of the supply/demand mechanics of the underlying commodities for which it was created. This works as long as everything is settled for cash; once the squeeze begins to shift settlement to "stand for delivery", the derivative market collapses because failure to deliver still carries significant penalties. What's unknown is just what extremes government will go to in order to postpone the coming economic collapse.
"There are no markets any more, just interventions" GATA/Chris Powell (2008).
I believe that Alasdair’s message is that the people trading in paper don’t really understand the underlying mechanics of the commodities’ physical uses. But that means that there is an opportunity to stack now at bargain prices before they learn…but learn they will.
Well, if the silver demand is so high, the price would be high but it's not. Silver is falling towards what would probably be a correction low in the 50s. I just don't understand this whole idea of talking about things that are in this great demand and not paying attention to what price tells us. Price and volume isn't that what technical analysis is about?
I'm not saying silver will not be going up a lot. But that's in the future.
I think it will be higher and I invest in it. But right now it's not, and I don't think the demand is high or the price would be higher. It's really simple.
Aren't you assuming that the so-called "markets" are discovering price in a free, fair and open fashion?
In the longer run yes. Of course. I do not believe it’s rigged.
🤯