You got bear trapped. Easy as pie. You walked right into it because you think you know what you are looking at. You are a dummy. BEARTRAPPED like all the rest.
My very stupid friend is short. I showed him how much cash I made while he was getting bear trapped like a fool. He screamed "Fk your cash #$%$! What am I gonna do about my legs?!"
The US Fed leased out 100's of trillions in fairly priced gold to allow US banks to make puny trading gains. Thegold belonged to other governments, like Germany. Now Germany is hitting the gold markets hard looking for answers on where all of its gold went and by what mechanism. Fully priced at 14k an ounce, Germany's gold was worth 1.5 trillion. Yet it was squandered to make less than 100 billion in trading gross sales.
It is too funny to watch these clowns give advice as they get slaughtered. They were not even smart enough to buy gold during the intervention. They still aren't. The dollar is done. Odumbo puts sanctions on Russia. Russia dumps the dollar and demands payment in rubles for nat gas. Game over. The fantasy of the non-existent petro dollar is popped. Gold was going over 10k no matter what. Now it is just going there faster. That is what you get for betting on a black coke head Muslim thief in a chess game.
Shorts gambled and lost. How stupid to short silver into an energy crisis in Europe and WW3. Very bad form.
TODAY: US Treasuries are crashing. The USD is crashing. WW3 is starting. The economy is going straight into the crapper. And gold is cheaper than it has ever been. Good luck shorts!
Too much debt. Too much money printing. Every once of silver available disappears into hordes.
2014 Russia invades Eastern Europe. Gold goes from 2000 to 8000 and silver goes from 20 to 200. We all really know it is about bad debt and money printing. But Wall Street needs an excuse they can blame their failures on.
Do you realize it is mathematically impossible for the leveraged bear ETFs to recover from losses? They are not the same as leveraged bull ETFs. You are stupid if you own any leveraged bear ETF on any product.
You do realize an entire gold futures exchange just went under in Hong Kong, right? You do realize how much gold MF Global didn't have for its account holders, right? You do realize the Fed just failed to deliver its required yearly wad of gold to Germany, right? You need to pay attention to people telling you how the gold market actually works. The system is not to be trusted. No one trusts the COMEX or the paper gold market. You are stupid to be short too because GLD follows spot. Even if it is just an empty shell, it is going to destroy you if this theory is right.
I don't even know why you are still here after losing 5% last month. If you short things you have to know how to trade because that is all shorting is. You are stupid if you think you are going to talk the bankers down from fixing the system by bitcoining gold to the stratosphere. THEY DON'T WANT TO PRINT ANYMORE. THEY WANT A FINANCIAL ASSET THEY CAN OWN AND RAISE THE PRICE ON WHICH IS NOT A GARBAGE LOAN. You can see it coming a mile away.
A lot of people are taking losses in their dollars. Sadly, no one is long paper gold or silver to sell. And no one is selling the real thing. The Dollar has the most scary 10 year chart ever. I don't know why they have not rigged it higher. Maybe 100 trillion in swaps to prop it is too much?