Perhaps as simple as sentiment being negative in the U.S., for reasons that are apparent in the U.S.
More apparent, or only apparent ? Certainly localized in the trade... which does not mean that localization we see is organic...
We watched this week, with foreknowledge, as the options tail wagged the market dog... moving the price of silver, and by moving the price of silver, moving all the silver company's shares... and a lot more besides...
And, on Wednesday, it looked OK... like the impact had its intent... message sent overtly... and was done ?
But, on Thursday, the market dog wagged back ?
A gentle rise in silver prices over time... as gold prices decline... didn't seem to be hurting anything... but the attempt to stop that trend... which failed even as a relative measure within the declines, that moved silver shares lower less than other things... ?
After a week of merciless mocking of Goldman's head of silver trading... for saying obviously delusional things that clearly are not true... it must have been welcome to have the Fed Chairman stepping up to flip-flop in similar fashion, to re-direct the ridicule in another direction... for now... first by declaring "low rates forever" with no inflation... and two days later... defeating inflation by letting rates rise... ?
Cognitive dissonance... during the Trump administration... came from hearing and seeing the synaptic disconnects occurring between Trump and his opposition.
Cognitive dissonance... in the Biden administration... leaving Joe's own confusion out of it... comes from hearing and seeing the synaptic disconnects occurring within the Biden administration's own officials.
Since we are to have low rates forever, and no inflation, at the same time we have rising rates, and thus no need to invest in inflation hedges... ? Which should I believe is likely... no inflation... or... not that ?
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