by Andrew Hoffman
It’s Tuesday morning, and I’m sure everyone wants to hear about yesterday’s blitzkrieg, borderline “named storm” Cartel raid. Let’s call it the “post NFP lunacy” attack; although frankly, given the dozen or so “massively PM-bullish, everything-else-bearish” headlines” of the weekend – from plunging Chinese trade data; to Greek unrest; and Donald Trump essentially hinting of his intention to default on Treasuries, I could have named it plenty of other equally appropriate names. The fact is, that never before have Precious Metals been so undervalued, scarce, or logical – and conversely, never before have “the powers that be” been so thoroughly trapped by their failed policies. Consequently, the methods they utilize to “kick the can” – despite having mere inches left of ground; are more draconian – and blatant than ever – with far direr ramifications. Particularly in the physical arena, where each illogical, illegal paper raid lower causes the already suffocating supply/demand noose to tighten further around their necks.