KWN reports that large entities are gobbling up physical gold. You then wonder why the gold fix is struggling to get above 1,300. Ironically, the name is accurate: the gold fix is being fixed. How? Certain entities are dumping gold contracts and that depresses the price.
How long can this go on? As long as people are willing to exchange printed paper for printed paper and pretend that they are buying gold. However, actual gold is being bought up, according to our British buddy and regulators are beginning to question the activity of the bouillon banks.
If you own gold and silver hold on to it. And if you have gold mining stock, likewise.
Sunday, June 10, 2018
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment