I am starting to nibble long gold. Not with the idea that it goes to $6,000, but as a trade. Gold has been obliterated over the past week or so, collecting 3-4- -$20 days and -$30 yday.
It’s sure not behaving well at all.
Pols do not the sophistication in any respect to uncover any sort of metals market manipulations. The simple fact is that miners sell their production forward, and have done so for all of the 20 years I’ve been watching metals markets. This produces enormous and predominant short interest in the market.
Look at historical pricing for gold around this time
Although, this year is a different with all the things that could go wrong in the world to spike it.
Can you explain that to me? - it sounds err interesting