Loading ...Exactly.
The idiot funds are long gold futures out the kazoo that will need to be dumped when they are disappointed again.
That’s the definition of an idiot no? People who repeat their mistakes time after time (many many times for the idiot paper precious metal traders — does that make them extra stupid?).
Heaven forbid they realize their mistake and buy physical creating a self-fulfilling prophecy by stripping the market of actual supply (in a market that supply is not UNLIMITED like in paper precious metal markets — does this make them extra stupid as well?).
That would be out the question apparently for these behemoths of finance — our financial geniuses.
Chuckle