No-News Metals Markets: Volume Down as Buyers and Sellers Sit Out
The trading range in gold and silver in the past three months has been deceptively wide, although neither gold and silver have gained in any way to truly reflect the bearish European situation and the longer term collapse the the American Dollar System. “Officials” of European nations are calling upon the International Monetary Fund to relieve their debt crisis, which only works to pass-on the role of lender in the hot potato of debt to whom the nations of Europe will, due to the dispersion of power between the two parties, inevitably be beholden to. Therefore, the debt will, eventually, be returned to the nations of Europe by increasingly powerful authorities.
In so many ways, even the anti-war movement itself – a stalwart of contemporary freedom movements – misses the point. The Obama Regime has stacked on more debt than has the Bush Regime by many times. This mostly goes to show just how much money is being confiscated by the banking system of the transnational corporations; that is, taken out of the realm of tangible economics – licked and tasted by everyday people – and put into the belly of civilization: raw power. Meanwhile, the wars persist and propagate.
In the near-term, gold and silver could likely continue their current trend. The volatility creates mini-rallies a few times a week, but commercial hedgers – the banks – short the prices like gravity to bone. Rumors are that institutional investors are looking to get back into gold, and, while the trading range for gold – in the event there is no major liquidity crisis in the markets – sits between $1500 and $1850, it could be a very convincing move up.
Platinum and silver represent the top two best performing precious metals year-to-date. Two other commodities SV follows, copper and sugar, have followed different patterns from each other. Year-to-date, copper is up 6%, locking-in the 14th best performing commodity according to finviz.com.
Sugar, on the other hand, is down quite a bit; that is, 5.6% on the year, a marginal loss. SV still recommends that readers stock up on sugar packets found at local locations for transnational coffee-shops. For every dollar spent, pick up at least one packet. The more aggressive can certainly take more.
Of course, our handlers at mainstream media outlets, who speak to us through puppet pundits, wouldn’t dare advise us to partake in an activity such as stockpiling sugar obtained in a questionable manner from brand name coffee shops (and not the mom-and-pop joints, because these are essential to the health of our economic neighborhoods). But their owners are bringing it to just that.
Metals remain quiet, and the velocity is down. Volumes in the futures are relatively low and the bullion world probably is missing velocity. Not many trades made, no new buyers, no new sellers.
Once this trading range is broken out of, which could persist throughout 2012, this will surely change.