Large speculators, who can get vast amounts of money for nothing thanks to central banks, will continue to speculate on whatever they think will happen today, or in the next fraction of a minute....
Longer term trend followers will nervously seek the next emerging segment rotations. And those more concerned with return of capital than return on capital will look for a place of safety to escape systemic risk and exposure to unknown or unreliable counter parties.
I am in the latter group.
So help me here. Why are metals decreasing? Wouldn't actual, physical possession of gold and/or silver in easily verifiable forms, stashed somewhere safe and nearby be a real good thing to have?
Is it being manipulated lower so the big guys can horde it on the cheap? It makes no sense to my (admittedly relatively unschooled) mind that metals are down.