Tuesday 25 June 2019

Minsky Moment or FOMO Moment?..................from Rico

Are we at a Minsky Moment, or a FOMO Moment?*
*FOMO: Fear of Missing Out...
Gold & Silver may be at a 'sea change' and end of year Gold may near $1700.
- And, that's not the end...

1 comment:

Drew458 said...

In case you've always thought Rico was a bit on the tinfoil hat side with his Eeyore-like views on the metals market, here's some proof that he's been right all along:

Merrill Lynch to pay $25 million fine to CFTC for manipulating metals market for more than 6 years.

Now, this admission is for the 2008 to 2014 period. What about after 2014? Stay tuned.

Merrill Lynch (owned by Bank of America) ran the real-time scheme through their commodities subdivision, MLCI.

As part of their Non Prosecution Agreement, they agreed to enhance their code and security ... which will make it harder for them to be caught next time.