Gold Daily and Silver Weekly Charts – Blast Radius

from Jesse’s Café Américain

Gold and silver bounced back a little bit today as the dollar gave up some of its recent gains.

It is not always this way, but at this time at least the precious metals seem to be price driven by the forex traders, who care not a whit about supply and demand.

That is setting up a real witches brew of malinvestment, because they are attempting to sustain the unsustainable with increasing use of force of leverage and market dominance.

Sometimes you just have to let someone have their way, and try to stay out of the blast radius when the inevitable reckoning comes and hard reality intrudes on their dreams of fame, vindication, and conquest. Even when it is apparent to most that it is beyond all rational expectations.

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