start here

start here

The Daily IKN email digest, get all daily posts sent to you next day (& no ads)


The beatings will continue until morale improves

Following on from the last post yesterday in which we noted the very limited effect that the words and deeds of Yellen/Fed/etc have on the price of gold and silver..

...the goldbug theory of how gold was immediately going to fly to the moon on the back of yesterday's policy hints has yet again been blown out the water. They're undoubtedly blaming "them" (aka "THEM!") this morning for the orchestrated take-down of the world's only true and pure etc etc.

It couldn't be that an parabolic-level of overly-simplistic worldview isn't enough to explain a complex thing such as capital markets, could it?