yeah, they’ll let pm’s go up just enough for the banks and their favored funds to lighten up a bit on their short positions – and still have made a killing.
Then of course I see idiotic headlines like this that I don’t even read anymore on ZH – CB’s are buying ETF’s now?? C’mon man!!
Global Gold Demand Up 7% In Q1, 2019 as Central Banks Buy Gold Bullion and ETFs See Inflows
Diversification, safety and liquidity remained top priorities for central banks across the globe.
Oh well, highs of the day have been reached, shares of course are not confirming anything – because they rarely allow both shares and metals to go up together. Going to be another long year.
Maybe I should be re-thinking Crypto’s, now FB crypto’s, apparently that’s what the 20 something’s have faith in. Mining is a dirty business.
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