1)Gold is a commodity...full stop.
2) Gold goes up when there are more buyers than sellers and down when there are more sellers than buyers. SIMPLE SUPPLY AND DEMAND...NOTHING ELSE.
3)There are no secret cartels forcing the price down. A cartel presupposes that a group of like minded souls have got together to control the market. In order to control the market, one has to have control of supply. Problem. There is more gold in the hands of private individuals than there is in the hands of governments.
4)Jim Sinclair is completely off his rocker to suggest that there are evil forces out there conspiring to keep
the price of gold down. In fact I would go as far as to park him in L Ron Hubbard category. L Ron loved his conspiracy ideas as well. In fact, so much so that at one stage towards the end of his completely delusional life, L Ron was convinced the CIA were out to kill him and that phycologists were systematically killing their patients.
So please dont post Jim Sinclair rubbish and expect serious commentary in return.
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