The $600 Trillion pile of interest rate derivatives scaffold that was used to prop up treasury prices (at very low physical volume) is threatened London Whale Style. When QE5 is announced soon to right these treasury prices, Bullion prices will jump like a grasshopper.
The weekly close at $20.10 in Silver this last Friday is dangerous for the shorts… When we open up / break up through the $20.20-20.30 area, the Shorts are in deep trouble as price will head straight back to the strongest value control point in the area which is $23.50. It is not really conceivable that $18.20 will fail due to the volume of business done here since 2005.
Given the trouble the FED has now with the Bond markets, cranking up of QE must have to be a done deal to keep rates low as the $600 Trillion pile of interest rate derivatives scaffold that was used to prop up these treasury prices (at very low physical volume) is threatened London Whale Style. When QE5 is announced soon to right these treasury prices, Bullion prices will jump like a grasshopper.
