Hook is all over it during Int. downturns but relatively silent during Int. cycle upturns. When the cycle turns up then is it because all these mis-informed specs suddenly got their proper religion? Even the Hook Bible says it: Thou shalt not play options or Etf’s. All would be well in gold land if these speculators would just wake up to this truth! These speculators are really but a flea on the Central Bank’s and Banksters backs. But when you, as an analyst, still can’t figure $golds downturn from its highs some 8 years ago then you must promulgate a theory that will absolve you. It has to be the option/Etf players. Try not to think any harder or state that you just don’t really know.
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