Loading ...It doesn’t exist anymore. Why would they try to kill the metals and mining sector with so many other sectors already down? Plus Gold is used like insurance for banks and governments.
Maybe they are the ones buying more insurance? The system seems like it’s on auto pilot and trying to right itself. They lost control after 2004. So let’s ask ourselves, what is right, and what was wrong all all those past decades?
Federal Reserve Notes were constantly losing value in the past, as Gold money was disrespected. The Reverse? Fed notes and Gold gain value. Like what we are looking at lately.
All those ETFs and the Futures Gambling Games are getting found out for what they are like Bernie Madoff. Natural market forces are in control, not the clever Harvard bean counters anymore.
The 2008 gold under $800 and the 2015 $1,060 lows were the best last chances to buy cheap Gold. If gold drops it would be the paper GLD type crowd clicking it away. Maybe the clickers are mostly responsible for the higher prices. They don’t belong in the gold market.
Same in the Oil market. Clickers, have nothing to sell or buy, only a thought or opinion. I heard an oil ceo say buyers of contracts should be required to take delivery. This may happen in the future.