Now that we're back in the office, we can review the most recent CoT report to discover some historic anomalies. The question is, are these CoT changes the cause or the effect of this most recent price decline?
Since we may all be thinking of other things instead of metals today, and seeing that chart this morning with silver swatted down yet again, I am certainly focusing on other things. Well, perhaps the bankers just gave metals a mean look and said, “Get back in your room!” rather than a full trip to the woodshed.
(My gut says, “If silver really does drop to single digits, crack open the piggy bank [credit] and make a purchase.”)
John Batchelor and Professor Stephen F. Cohen have recorded weekly updates on The New Cold War for nearly five years now...and we've diligently posted them here at TFMR since early 2014. Nowhere else in western media will you find such a fair, balanced and objective discussion of the situation and I urge you in the strongest possible terms to listen this week and every week.
As evidenced around the internet, more and more folks are catching on to this latest CNY-gold link. But while this correlation is clearly evident, there's very little agreement as to why it exists in the first place.