Or at least co-king with Gundlach. Gundlach has respect for Bill.
Bill is a very clever man. Still the king of bonds. 4% long bond probably implies an eventual low in TLT well below $90. 5%? Maybe $70.
If fact, Rickards says gold could hit $10,000+ and silver $200+ and that may be low if the fiat currencies founder. Great new best seller "The New case For Gold". Rickards says silver will outperform in percent terms.
Yes....very difficult to control the price at $16.......much easier at $50.
Trying to keep silver down to bail out the foolish shorts at at $16 a lot more diffficult than at $50 (in 1980 and a few years ago). The only thing to do is let the price rise to equilibrate supply & demand.
Let's see how much silver there really is.
When you get down to $15, little downside left & the sky's the limit.
If they tried to, the coin shops and smelters would be sold out of silver in hours.
They can't pull that Hunt fiasco again, can they? Don't think it will work again.....traders are onto them.