from Silver Doctors:

Something else happened this week in the market that’s so disgusting, it would be hard to get excited about $50 silver right now…

I wish I could get happy about the move in silver this week.

I can’t.

The problem is, one thing happened in the market this week that totally disgusted me.

It should disgust you too.

I’ve tried to explain it before, over and over again, but people just don’t get it.

Or they don’t want to get it?

I don’t know.

I’m not smart enough to know.

If you want to see just one of those many attempts to explain it, here’s a good place to start:

I understand people want hope, but I don’t want people to have false hope.

Which brings me to what got me totally disgusted this week, and yes, it’s on the same scope and scale of that article above that I wrote over one year ago.

Here’s the thing: On Tuesday, President Trump singled out people who make money to the downside in the “market”.

I’m referring to a Tweet, and specifically, this one:

When the so-called “rich guys” speak negatively about the market, you must always remember that some are betting big against it, and make a lot of money if it goes down. Then they go positive, get big publicity, and make it going up. They get you both ways. Barely legal?

— Donald J. Trump (@realDonaldTrump) May 13, 2020

If that doesn’t disgust you, I’m not sure what will.

For those how don’t know how short selling works, here’s a gross oversimplification of it: You borrow a share of a stock that you don’t already own, to sell, because you think the stock’s price is going down, and you must buy it back to give to the guy who loaned it to you, and you either buy it back at a lower price and get a cool profit, or you buy it back at a higher price and lose money.

What’s so disgusting about Trump’s Tweet?

It’s the perfect example of how extreme hypocrite a person can get.

Honest question: When you think about the “market”, what do you think about?

I don’t think about the Deplorables “investing” in the US stock market.

That’s for sure.

The Deplorables, by and large, are broke.

In fact, one could say they have negative equity when taking debts into account.

But I digress.

When I think of the “market” that Trump loves to talk about, brag about and boast about, even though Trump has said he “doesn’t watch” the stock market (which was a bold-faced lie), I think of share buybacks as an artificial way to boost share prices, I think of robo-trading HFT algos shaving pennies here and pennies there by the billions of dollars by front-running trades based on connection speed to the Wall Street exchange servers, and I think of the Fed pumping money into the stock market to enrich themselves and their very bestest buddies, which includes the usual revolving-door suspects that move between Wall Street and Washington with immunity (thus far).

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