Dow Getting Crushed Again - Goldman Ammassing "Paper" Gold
And this is still just the early stages of the market correction. Unless the Fed comes in a starts the printing presses again, we have a lot lower to go in the equity markets. This will make the crypto crash look like a Sunday school picnic. I'm afraid this is also going to drag crpto lower than it would otherwise go. But hey, more time to stack, pay off my house and prepare is a good thing.
Metals are lower but not by much all things considered. They are still holding up fairly well. I wonder if it has anything to do with the fact JP Morgan and Goldman Sacs are now net long...hmmm. Maybe there is little incentive for a smackdown at this point since they are obviously preparing for something.
Check out the Bullion Bank Flows below (Something is Afoot):
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Strange happenings. I don't pretend to know what all that means, but I do know that if the big guys are buying, there has to be a reason for it. We can hope that the US government is secretly buying gold. They couldn't really be so ____ as to not buy or to sell gold when everyone else is accumulating, could they?
I hear ya!! I don't think the US Government is that forward thinking...they are too busy raping and pillaging what they can off the taxpayer.