Loading ...They say, there is a buyer for every seller. Another thought, if the selling pressure is in GLD, the manager has to sell physical gold to the redeemer.
Then again, it looks like ALL the metals have been getting mathematically “cheaper” inverse the higher Dollar. Dollar went down all thru 2017, gold went up all thru 2017, a whole year, and so far, dollar climbing up 7 months now and gold dropping 7 months now.
My guess is the master planners will have to somehow push the dollar back down soon. There is no way for America to get great again with a “strong” dollar. The rest of world needs a strong US Consumer and US taxpayer for their own good.
They seem to have been alternating or rotating, a give and take “punch bowl” between the US versus the others. Obviously to help the USA the others get hurt, so they give them a break every time they raise the dollar.