Re Sinclair
A mate of mine has been saying that for a number of years and the more QE done, the higher the price has to go to ‘rebalance’….last time we spoke, he was talking 8 to 10 K.
Re Seeking Alpha…he’s right about a squeeze, but it looks like it is in AG, where u have huge Crimex premiums over spot, Sep is a 32 cent premium to spot, while to right now there is very little Prem in AU ..only a buck. to Aug gold….plus look at the action….classic short squeeze.