This makes no sense.
Gold is down 35 cent at this moment.
Does Sprott really have any credibility?
Their Silver recommendations sure went sour from a couple years ago.
I agree, doesn’t seem to make sense, but gold movement is movement. That wealth got transferred somewhere...but where is the question.
These are numbers issued by COMEX not Sprott. Registered Gold has dropped from approx 3.3 million ozs at the end of 2011 to approximately 74K on 26th Jan. Comex Registered Gold Chart. The spot price of gold is manipulated worse than the chinese stock market. Paper gold (GLD) could be in for a shock if these stock levels go much lower.