That's the good news. The bad news is that there is no clock shown to us. Here is my perspective on where we stand.
1 The cartel still totally controls the crimex. They still are committed to suppressing the price AND destroying the perspective of gold and silver as real money. The crimex gambling casino is still recognized as a price discovery mechanism (stupid as that is to a logical mind). They have all the fiat a computer can generate and the crimex “rules” provide them an “all paper” exit when they blow up.
2 The crimex has been compromised, not killed. Given their immense resources, they can perform a rear guard action, a strategical retreat, but they cannot win the war against gold and silver. Their weakness is physical gold and silver. They have sold way more than they can deliver.
3 Already the seeds of destruction have been sewed. There are more and more examples of difficulty delivering actual physical. There are delays and run arounds. Nations, institutions and high wealth individuals are demanding delivery of their physical from LBMA and crimex storage. That transfer is of physical already owned. In addition there is a move to find sources of physical outside of the crimex and LBMA. All sellers of physical are reporting record demand for coins and bars. Its a cash (fiat) and carry market!
4 Most nations are trapped in the US fiat con game. They hold an excessive % of their reserves in US $. Most nations not in on the con and with healthy economies and are trying to exit. The exit must be orderly or the exit strategy itself will cause the value of their reserves to fall drastically before they can exchange the US $s for money.
The point is that where you or I can act in days, weeks or months, the big players must act slower. Any sudden multi-billion $ purchase would blow up the con. Holders of cash can not dump it quickly or the very infrastructure in which their cash holds value will be destroyed. The key is how long can the system hold together and how effective can people who hold fiat be in trading paper for real money without destroying fiat as a medium of exchange.
Time is the big unknown. As many have repeated; “markets can remain illogical longer than you can remain solvent”. We just need to make sure we are positioned in physical and quality shares and most of all know what we believe in. If you believe that the metals are real money the path is clear yet a tough row to hoe.
Hang in my friend.