hello Juju
I think you will find that there is a growing move by those with large gold holdings in international storage to repatriate their gold, an example being Germany wanting the return of 389 tons from the US storage, they have agreed to a 7-year delay in accepting the physical gold from the US . . . on a smaller example medium gold holders have been refused their gold on request in both Canada and Switzerland and this has caused more panic in the physical gold market.
I am an unashamed (and patient) gold bull, I follow such newsletters as: Jim Sinclair's Mineset and King World News, Shadow Stats,Kitco Gold, I find the reading interesting and, once discounting the propaganda effect, looking at the history over the past 10 years these people are accurate in their forecasts (the time line is often a little out and the gold predictions a little high) but the overall picture has been accurate.
It is the large funds that use and manipulate the ETF gold markets (paper markets as there is not enough physical gold to cover this market) and they follow what seems to be an orchestrated attack on paper markets by "shorting" and then quickly covering their shorts as has happened over the past week or so.
It is time to confidently make my my sentiment to buy as I feel we might see some movement in producers of our size and, more importantly,our capacity due to what cash we have left to go with the coming move in gold price and interest in small to medium producers.
My view from my reading, make of it what you wish.
I know nothing, Jahar
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