by Gary Christenson
As Bill Holter says, “Last Friday we got horrifying (from a contrarian standpoint) COT numbers with nearly record numbers for commercial shorts. With history as any guide, gold and silver should have already been slaughtered, they have not been.”
From Steve St. Angelo: “Why are the Chinese Stockpiling Silver? Big Price Move Coming?”
From Gary Savage:
“There is one reason and one reason only why gold generated a massive bear market. The Fed needed to do QE3 and keep the stock market inflated. They didn’t however want that liquidity to flow into the commodity markets, spike inflation, and destroy the global economy, as happened in 2008.”
And, with a little help and an over-bought condition, gold and silver were smashed from 2011 – 2015.