I have no special knowledge; However, I see some things which suggest that this time 'things really are different'?
Firstly, the lack of a confirmatory spike in the Silver Prices, suggest that the monetary component has not yet come into play in this cycle (If it is a Cycle?)
Secondly, the restrained margin and maintenance deposits suggest that the Exchanges and commercial banks, have not committed to a position in this market. (Perhaps they do not dare until they can understand the forces driving the increase in the Gold prices?)
Thirdly, The increase in the price of Gold is not yet sufficient to threaten market structure or to tax the finances of Nation State actors. At the present, these prices only serve to threaten the credibility of those entities which might be forced to default on obligations.
Such an opportunity would not have been squandered without Global consequences. I suppose we will see in the near future.
I have no special knowledge; However, I see some things which suggest that this time 'things really are different'?
Firstly, the lack of a confirmatory spike in the Silver Prices, suggest that the monetary component has not yet come into play in this cycle (If it is a Cycle?)
Secondly, the restrained margin and maintenance deposits suggest that the Exchanges and commercial banks, have not committed to a position in this market. (Perhaps they do not dare until they can understand the forces driving the increase in the Gold prices?)
Thirdly, The increase in the price of Gold is not yet sufficient to threaten market structure or to tax the finances of Nation State actors. At the present, these prices only serve to threaten the credibility of those entities which might be forced to default on obligations.
Such an opportunity would not have been squandered without Global consequences. I suppose we will see in the near future.
Correction: I had not been watching. The Margin (squeeze) rates are going up????