I don't believe enormous...or even modest sums of money are invested in silver.
The Chicoms don't play in such small markets. If they want silver they will buy as much as they need. If they don't, they won't.
Silver is basically an industrial metal and only has MONETARY value if gold ends up being the dominant money.
Don't get me wrong, that could happen. But it's not imminent. This bubble has to bust first.
And this commodity/stock bubble is the biggest that's ever been within the context of the REAL economy being at least 30% below it's frothy peak.
This move in silver will be followed by gold, oil, wheat, soybeans etc.
The end of Fed largess is probably at hand.
I dunno.
IMHO the Chicoms are much more aware of what’s happening in American, than we are of what’s happening in the PRC.
They’re very much focused on us, particularly.
If Chinese intelligence concludes America is about to become protectionist, they’ll respond. Heck, they may even reach that conclusion before our own PC-hobbled intelligence can. Perhaps by months.
IMHO they’ve concluded that will happen, and we’re seeing the first response.
The question now: Is America nimble enough to enter this new phase of our international contest?
I think so. Let’s start.