Loading ...You are absolutely correct. Western bankers are still in charge of PMs pricing via the futures market(s).
The slow logarithmic grind towards them losing control of the beachball(s) being held under water is still in progress.
This will change soon however, once Comex specs contract enough, combined with a surprised and cornered Fed faced with falling asset prices they must arrest going into the election – if they are to keep their masters happy.
These are people you do not want to disappoint if you like breathing, so expect some fireworks once gold tests the break above $2100. (Nobody knows how low it will go in coming weeks.)
Gold needs to break above $2700 to signal the futures markets are no longer in control of pricing – the last trendline related resistance in the charts.
Patience should prove wise no later than early next year as the markets, deficits, etc. continue to signal wholesale economic collapse.
There is no hiding it anymore.
Cheers all