A2A with Bill Holter

121

Wow, this was a great A2A! When you have time, be sure to listen to the entire recording. You won't be disappointed.

Over the course of this hour long discussion, Bill offers opinions and insights on a variety of topics including:

  • The recent release of the "Panama Papers" and subsequent truth bombs that may be on the way
  • The impossibility of accurately predicting a dollar price for gold after the expected reset
  • Chinese involvement in physical metal accumulation as well as paper metal manipulation
  • Whether "the rally you don't sell" has begun and silver's potential upside

And MUCH, MUCH more. Again, please be sure to give this a thorough listen. You might also forward the link to family and friends once the Vault restriction is lifted tomorrow.

TF

  121 Comments

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Apr 7, 2016 - 2:01pm

Explaining today

Since there will not be a podcast this afternoon, here are the primary things you need to know following today's action.

First, this is still about the collapsing USDJPY. Though it has bounced back above 108 this afternoon, this is primarily short-covering and knife-catching. It is NOT an official BoJ intervention...yet. Therefore, we may very well see more downside tomorrow. Any weekly close below 110 should confirm that a trip to near 106 is coming.

Next, note that The Never, Ever, Ever, Ever Rule held again today. June gold was already $1237.40 at the Comex open. After initially spiking higher, it was once again gradually maneuvered lower all day until we were all the way back to $1237 by the Comex close. As if you need further confirmation that paper metal trading is dominated and manipulated by The Banks...well, today was just another example.

And if you're frustrated by silver, I completely understand. After reaching a high earlier of .40, it's all the way back to .20. Why? Besides the incessant selling and capping of The Banks, you must still be following copper. It's down 3.5% on the day at .07. The HFT algo pairing of the two is there every day and THIS, more than anything else, is why paper silver is stuck in the mud today.

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