Adding Silver

Along with my (almost) permanent short of the June 2022 Eurodollar, I have gone long Dec 2021 silver futures @ 22.40. The continued higher (5.4% year over year) CPI inflation has further weakened the US government’s ability to sustain the artificial QE measures including both the suppression of interest rates in important markets (such as the enormous Eurodollar market) and the suppression of the price of precious metals such as gold and silver. Since I do not claim to know how much more desperate the government may yet become, I have a sell stop at 21.80 on the silver position to limit my potential loss.

We shall see.