"The lack of participation by the public even in the face of gold and silver going ballistic the way they have been is shocking to me."
- Andy Shectman
The rush will come...
I have noticed many such 'things' which have been behaving erratic for quite sometime. The real question is, is it really different this time. Strong bull case for Gold and Silver.
The Japanese Yen is imploding before our eyes.
Their debt to GDP is somewhere about 250%. They can't raise interest rates because it would implode the government's budget and likely most of the pension funds that are stuffed with low rate debt.
Something is breaking.
What is happening in China?
Gold trading volume in China is now 400% LARGER than the average seen in 2023.
The trading activity in gold on the Shanghai Futures Exchange spiked to 1.3 MILLION lots on the peak day of trading last week.
This came at the same time that gold prices broke above a record $2,400/oz.
Last year alone, China's central bank acquired more than 225 tonnes gold.
Since October, gold is nearly 30% posting one of its best 6-month performances in history.
Why is there so much gold buying in China?
Gold is now in a much needed and expected pullback. Do not get beat down by declines, or lose interest during them. Understand them, be ready for them. Do not fight yourself, just focus on the charts. I have been in this game for 29 years. Know if it is your system, or yourself.