Loading ...Well sure they are desperate and skating on thin ice. Sure they manipulated rates down to practically nothing to save the world 🙂 But they must have “slippage” going on. Gold is holding the $1800 area.
Another thing I noticed long ago, if there is a better sector doing great, it attracts all the attention and investors. John Q Public doesn’t bother with Gold Mining stocks obviously.
I think PMs need a new uptrend in Spot Gold towards and above $1900. Then the computerized trading machines will provide crazy high PMs stock chart inclines like I see with Uranium etc.
Another thought. There is a bi monthly coin show near me, and its mostly dealers selling to other dealers. Re Gold BULLION?? Its probably mostly dealer to dealer. Bank to Bank, Country to Country. I doubt very many of the public have a heavy demand for Gold coins and bars. I myself know of no one.
Things are changing. The present “system” can’t win. And I suspect that virus was accidently on purpose let loose to shock the economy like the banker bozos did with rates up to 21% last time they were desperate in 1980.
The typical system MO is they strangle the economy until the eyes are bulging out torcher and death is near, with 21% rates, then they suddenly drop the rates and create a “Relief Rally”.
Instead of high rates to cool or take away the punch bowl, the COVID took away the punch bowl. But all the money printing and inflationary expectations just kept flying into the everything bubbles stocks bonds and real estate anyway.
The whole system is a phony load of crap, but still working. Gold is the insurance and its the end game. So imo its the big pigs at the trough buying Gold bullion. Banks and gov’ts. Recently a big corporation bought a bunch of gold but can’t remember.
If they hit gold down on purpose its for themselves, but its probably their own demand that drove it this high. We just need the banks and gov’ts to do some panic buying among themselves.
I’m done here LOL
P.S. There might come a day when everybody has to cash out their entire PMs investments and wire the money US Mint approved Gold bullion dealers. And have a nice day.