Loading ...Going to be very difficult for gold to ever go anywhere when entities have the ability to throw $2.7 billion at the paper market on a whim like they did last night without regard for price. They did the same last week with $1.4 billion. There is nothing to counter that. As for not going anywhere for 10 or 20 years, you could be right.
If I were a mining CEO of a producer, I would immediately suspend operations and hold supply from the market. That’s the only way and even then they still have paper.