We Got Hammered

Well that was quick. It didn’t take long for the cartel to fulfill my expected beatdown. One last flush was needed to rid the paper boyz out of their last shares. The smart money is still accumulating but they don’t want the bitter clingers and the weak hedges on the trade. The hedges are leveraged and unable to trade the miners with kind of volatility. Only the smart money can swim in this kind of “dark pool”.  

Next logical question is whether this beatdown is “it”? Are we at maximum pain? Do you hear “BASTA”? Do you hear “FINITO”? As Jeremy Irons stated…”I don’t hear a thing”.  Maybe the next moves are going to be large volume “buys” in the miners or maybe the wedge will keep playing out or will they inflict more downside pain to confuse the bulls? 

Here is the game. IF the bull began again in January 2016 then you have to anticipate this kind of beatdown and for doubt to be created in your thesis. Its to rid the bull move of as many parasites as possible. They don’t want you in this trade. Not only do they not want YOU in this trade, but they don’t want ANYONE buying physical gold or silver. They want you to be sick and miserable if you tried to play in this sector. Physical metal is their limiting factor and they know this,  and its why we are now in a bull market in metals and miners. 

EVERY single guest on Bloomberg says the market is going to move higher here. It may not be the top yet, but at every top you here predictions from everyone saying we are going higher. Its a “no brainer”.  Buy Tesla…..its a peach!