by Craig Hemke
TF Metals Report
The Reddit-driven fun continues today with no end in sight as of this moment. Can our new friends continue this momentum into next week and, if they do, what might be some targets to watch?
More on that in a minute. First, let’s just take stock of where we are as I type. Comex gold is up 1.3% but, more importantly, Comex silver is up 5.4% and pushing toward $28. The shares are rolling again, too, with some of the most heavily-shorted like First Majestic jumping higher again.
And this is awesome! Again, though I’m not sure much can be done to harm The Banks through buying at the Comex level, there certainly exists the possibility that enough of a move in price could spark some additional momentum…which would lead to some additional pain for The Banks…which could lead to some additional momentum…which might lead to some Bank short covering…which could lead to some additional momentum….and if this continues long enough, we might do some real damage.