Are you buying the $/yen? If you are not and you think this is bearish then why is EVERYONE bearish on GDX and gold? Folks, that is a very long way down to fill that Kuroda gap.

Look at the short covering in GDX. Let me say one thing. GDX is NEVER subjected to a short squeeze. Much like the COT report, if there is heavy shorting, GDX falls. Period.

This is, of course, what EVERYONE is looking at.

It is quite shocking to me how little fear there is of Central Banks. These monsters have capped gold forever. They recently admitted to creating a stock bull market. Do you really believe that these monsters are simply going to walk away and let it all collapse? Seriously? If you truly believe Central Banks are powerless, you have not read your history.

All QE did was restore banks’ balance sheets and create a stock bubble. If the FED wants to create a mechanism to get $ into the hands of the masses it could do so in a New York minute.

Go look at a ten year chart of SPY. Look at what the FED did off of the 666 SPX bottom. That was all the FED. All of it. As a recent ECB official just stated. Inflation is always possible if you print enough money. That is a fact.

It's a Mystery

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 -- Published: Wednesday, 20 January 2016 | E-Mail  | Print  | Source: GoldSeek.com

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