Authored by Matthew Piepenburg via VonGreyerz.gold,
Never in my 30+ years in the markets have I seen a monetary, precious metal and risk-asset setup more obvious yet more deliberately ignored than today.
Below, we look at the converging signposts screaming from the tech/AI sector and the equally obvious (yet deliberately downplayed) signals from a precious metals market entering a watershed turning point.
How the Whales Do Their “Magic”
As warned for years, and more recently here at the precious metals symposium in Florida, the insider whales (central and commercial banks, the BIS, the IMF and the shadow banking canyons of Wall Street) are clever little magicians.
They have a devious talent for manipulating (and destroying) the retail plankton by having the masses focus on their right hand while quietly gut-punching them with a banker’s hidden left hand.
Another Classic Tech Pump-n-Dump
Take, for example, the recent headlines from the tech sector in general and the AI rabbit hole in particular.
Despite a Fed-driven S&P which is historically over-valued by literally EVERY core valuation metric, all eyes of late had been salivating over the SpaceX IPO (trading at 100X revenues) and the Wall Street meme (and gambit) that AI will save the world.
This all-too fam
