You maybe right. I was looking at silver futures. Gold does not look as good (could be an a b c correction completing soon). What’s more, my view corresponds to a likely worsening COT situation that may need to be worked through now. This is why I like passive stacking, because such talk is moot. If it goes down — buy more.
Buygold — I hear you. I think we are on the same page. But at the same time I think it’s all Kabuki. China does not want to rock the boat until its handlers give it the OK. Who knows — that could be soon if stocks and bonds do top out this fall.
Cheers