I've not committed myself yet, either to price targets or timing for reaching the bottom in the PM correction, for timing in its resolution and recognition in a reversal, or to future price targets and time to target on the next leg of the continuation in the bull market in PMs.
Given my focus, with thinking acquiring holdings in silver and gold shares at the bottom of the current correction in PM's as generally being "good" ? I have addressed the issue in noting that there are a LOT of things in the market that I'm interested in that are in a "holding pattern" waiting for resolution of the market correction in PMs...
Cogitating on that for a few days now... has a couple of things "clearing up" in my mind... a few of which I think are likely to contain potential to create "surprises"...
The perhaps too obvious market conflict still developing/propagating between PM bulls and "banksters"... ?
What if a forced bankster "capitulation" in PMs with a collapse of western civilization and all the global markets burning down to ashes isn't actually in the cards... as much as a tactical reversal in their market position in the PM trade made at the bottom of the current correction ?
Isn't that basically exactly what occurred already, once, when the PM's took off in August of last year ?
Seems obvious... if you think about it as a "big picture" trader (say, a cynical George Soros talking against his trade... announcing he's selling PM's in order to enable buying) rather than an ideologue... and, even the anti-bankster ideologues would probably have to agree that the nature of the "bankster" problem, generally, is one that naturally results from having replaced the stable, competent and rational management of big and important things... like banks... with people who have adopted the basically clueless mentality of the stock market, commodity market, and hedge fund traders... penny stock operators... who think the proper focus of "management" of even big and important things... is tied to thinking the next trade they make is all that matters.
MF Global recriminations, anyone ?
Seems obvious, too... that something like that HAS to happen for the PM's to ever move up again, given that all the committed ideologues on the PM side of the trade... are already "all in" and holding... They're not going to be the buyers that drive the next leg of the bull market... so... who is ? Traders ? Banksters... trading ?
So, there is an element in the PM ideologues rants that smacks a bit too much of a "rage against the machine" mentality that ends up in labeling even routine elements in basic market functions, like changes in market prices that cut both ways... as "part of the conspiracy"...
Being old probably helps...
Remembering what it was like in prior market cycles... when gold shares were on a tear... that lasted years ?
We're not even "at the gates" yet relative to what will and should happen with market functions when "gold regains its luster"... in the sense that we've seen occur in prior market cycles... when it was naturally assumed that gold shares were "the sector in rotation driving the market now"... but, then... what is the source of the pathology driving the ideologues on the banksters side in their hatred of PM's ?
The struggle from their side... is one over their control of "money" or "value"...
The adage "don't fight the Fed"... ? That makes perfect sense for traders... still... even with the HUGE systemic changes that have altered much of the way that traders should view the Fed's market interventions... which clearly are now "gross manipulations" intending control, rather than systemic "tweaks" guiding markets...
But, if you are the Fed ? Seems that even mindless and autocratic bankster-traders who are thrilling to their successful usurpations of power, who are in defacto control, now, self charged with direction of larger systems than have ever been successfully controlled by central direction... will still have to recognize there are limits to any effort in manipulation... and that, fundamentally, markets DO work... and no intervention can deny that fact.
The Fed (or banksters, if you like) has enormous control over money and markets... but, it does not and cannot control what people value. It never has had and never will have that power... just as the smoking ruins of former communist governments prove that same assumption, even with the use of overt force... never had, and never will have, the power to define those things.
Applying market terms to non-market realities ?
There is a "bubble" occurring in banksters belief that they're in control... and that bubble creates massive risks.
The assumption of "control" was justified by the "exigent circumstances" of the financial crisis...
It is likely to result in "over-control" and a reluctance to allow markets to stabilize and return to normal function... and, "normal" function... can't return... given we've changed the rules to pre-Glass Steagal realities, that tend to impose exactly the problems we're grappling with again now, as also existed prior to the combination of Glass -Steagal and other "confidence building" measures adopted after the Great Depression.
Confidence in markets is being destroyed... by the "bubble" in banksters misguided claim to have control.
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