Loading ...Someone is sure messing with the Scum’s head and they look pretty ready to take the shorts out.
Long term problem for the Scum is that it is all too damn cheap… Toqueville did a recent study on how much Au was held in World wide portfolio’s as a percentage and came up with 0.055 %…..if that percentage was raised by just 1 %, it requires 56,000 tonnes at current prices…or 14 years production. The old Swiss ratio used to be 5 %…. 60 years production !!!!!!
As for tdy, we have a break out above 1283.01….can the Scum do the usual and force it back down….the battle is on.