The viewer expressed dissatisfaction in saying that I didn’t use a lot of numbers in my questions to Rob. And as I've been thinking about that, I realize that there is some truth to what he said.
In fact in recent years I’ve noticed how a lot of my analysis is less based on numerical data, and more focused on understanding the geopolitical and manipulation elements present in today’s markets.
Primarily because that is what’s actually drives the price of many of these markets. And in particular gold and silver.
As many other analysts have noted in recent years, if you try to explain the price of gold and silver by looking at underlying fundamental supply and demand data, it just doesn’t match up. Because it is a manipulated market. And also because the mainstream financial media has left many focused on the latest trendy picks in the stock market bubble. While most are completely unaware of anything that’s been happening in the precious metals markets.
Keep in mind that part of trading successfully is not just realizing when something is out of line. But also being able to understand when others in the market will notice this, act, and move the price.
So much like in a poker game, where there is indeed a mathematical element, a lot of the real dynamics come from knowing what the other participants are doing. And are likely to do.
So while there is numerical data of value in the precious metals markets, its impact is often muted. And based on everything I've studied, the most dominant factor in the pricing remains the short paper contracts that cannot be delivered with physical.
I don’t think Chris Powell is just making up the information he presented in the interview that he did on the channel.
