Loading ...It’s MY view that TPTB STUFFED GOLD to towards $1900 to attain over supply. This is how they operate. Look at a long term Copper chart. Or pretty much ALL commodity charts. They don’t go up uniformly like a postage stamp or newspaper.
TPTB FOOL producers with a higher price (thrown a bone) to make them over produce. For supply. Then later they get punished. I heard the CEO of FCX one time say….”We are not going to respond to the higher prices” or something like that.
Producers (and savers) always get net screwed. This may reverse.
Today’s paper here, first time in a long time a full page GOLD WANTED add with Keith Hernandez face