“I’ll tell you what I think is probably going on. When we look at the bank earnings, they say, well we need volatility in markets to make money. And you need to read through that. Well, why would you need volatility? Because we’re going to get you one way or the other, OK? And if we can get something to go up, great. If we can get something to go down, great. And would I imagine that the banks are on the other side of the trade? Yes, I would. And do they have the money to pull it off? Yes, they do… If you’ve got unlimited pockets, you can make things do whatever you want over a very short term basis.”
Friday, July 13th
It’s been a rough week in precious metals, and it seems fitting that we end on Friday the 13th. Eric returns to break it all down for you and find the bright spots in the clouds.
In this edition of the wrap-up, you’ll hear: