Interesting concept for the SGE to bleed the west of our gold through arbitrage. The commercials shorts are astonishing, I wonder if there is a lot of hedging going on by the miners, with the banksters taking the other side? I have no clue, I’ve never seen anything like this without us getting slammed.
Druckenmiller is a smart dude, averaging something like 20-30% returns for the last 30 years. Geesh, when I had a bunch of dough I wish I had parked it with him. 🙁
Good to see him investing in “real currency”.