Where Is The Game Headed?

Perhaps the pie charts can give you a clue. You have to only take a look at these simple purple charts and as they say a picture is worth a trillion words. This week only reinforced my opinion that the boyz are accumulating the weak hand’s miners shares as they reinforce the conditioned stimulus that the precious metal trade is NOT a safe haven. Not only is it NOT a safe haven but they want you to understand it is hazardous to your financial health. Just ask all of those MF Global customers. They were taught a lesson and it wasn’t something that I laugh at. The casino is to be feared and playing in it can cost you dearly.

Next week promises to be interesting as the COT report shows the commercials are covering shorts in gold and silver and adding longs. When backwardation (as it is now) comes into play in gold you can count on this beatdown nearing a dramatic end. I hope you all have a nice weekend and if I have time I will update with some new vids. For now you can look at some charts I pulled up after the market closed today.

Read more at Great Depression 2