My view of the state of play at the moment. For what it's worth and how it will affect gold and silver prices.
The best analogy I have is "the spinning top" - When a spinning top is moving quickly it achieves a state of equilibrium and circles around in a fairly regular pattern. As momentum slows it starts to display large gyrations and the top moves back and forth in larger movements before it finally goes out of control and crashes down , where it spins on the surface before coming to a final stop.
This is what I see in various markets. Dow up 400 one day and down 400 the next. Gold up $15 one day and down $15 the next. The gyrations in the market are getting bigger and more pronounced.
The market manipulations we observe are more obvious and more pronounced and when applied to the various markets they have impact for a day or two and then the effects are negated by other factors. Market manipulation has become so common there is no "hew and cry" or outrage at the clumsy attempts to control the market and push it contrary to market forces and/or sentiment.
That being said I see a slowing economic outlook and potential for huge movements in prices and valuations which are all related like a house of cards. When the top stops spinning then these will be the outcomes.
Gold and silver will go up on safe haven demand and reduction in risk appetite.
Gold and silver will be included in bank asset inventory and therefore push prices up.
Dollar and other fiat devaluation/inflation will push up prices while maintaining intrinsic value.
Demand for physical will outweigh paper derivative products and as a short squeeze occurs then prices will increase as demand surges to cover open positions.
