If I owned a club, and fiat tried to get in, I would say to them worthless currencies, "Bounce!" Then when I walked past the dance floor, after giving the Trinity a smile, I would turn to my friends and wink, "Bounce..."
Every time the dollar rebounds it sends the Trinity flying, why? Precious metals are real monie, and the exchanges are figuring this out. So when their is a flight to safety, or rather, monie, precious metals are inheriting the area that the dollar once occupied by default. Now when people want out of equity and into monie, they are buying gold and silver, even platinum. It is the new hedge against risk.
What is risky about holding physical? Will you tell random people you have it? Will you not lock it up safely? There is no other collateral in the world except it. Any paper contract has to be redeemed, and no business partner is perfect. Even the US government once defaulted. Who is to say that will not happen again?
It so happens that what comes up must come down. The Trinity is no exception. Along the way, people make moves on the Trinity like men make passes on a skirt in Miami. Some are sellers, like team Blythe and Ben. Others buy it up. This causes major volatility. The sellers would not have a chance in the game if it was not for the buyers, and unfortunately, the opposite is not true. This is why so many gold bugs issue warrants on the House of John Pierpont Morgan.
This morning the Trinity popped off before Blythe could get to it. Think someone is trying to say something? It is true that no one wants to drop the proverbial ball, but the first one to do so gets to make a rush for the exit. The waiting game continues with all eyes on the door.