So, we had stocks lower today, as part of a recent rounding trend.The is signaling a short term low in the valuation of risks.Gold and silver managed to hold their own after an overnight bear raid, most likely targeting the remaining open interest in the big December futures contract.The attack on the December contract is a perennial thing that I have written about in the past.It is what those who are holding the bag for delivery of what they do not have will do, setting up ‘alternatives’ and distractions to delay their day of reckoning. In the short term, as always, it’s all about the Benjamins
And on the horizon, the gathering storm that will come roaring in ‘out of nowhere’ and sweep it all away.
The timing and specific trigger event(s) are still uncertain, but a steep decline in risk assets is coming. It will be on a scale with the last two bubbles when it comes tumbling back to earth. It is like avalanche conditions prevailing. You know it is coming, but can only estimate what exactly will set it in motion, and when.
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