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Shorting in the gold paper market is desperation driven.

There is no valid reason to short gold. Gold is a universally recognised financial commodity which provides an alternative store of wealth to paper written off the back of the promises of governments.

That government paper would be quite acceptable if it didn't represent a Ponzi scheme, ie more paper is printed to pay back the promises written on the old paper.

The gold price remains remarkably strong considering the selling-off of US debt and the yields being currently offered in the US treasury market. As mention on a post I wrote yesterday on another thread, since mid-2016 US 10 year treasury yields have more than doubled and in the same time gold is only down 10%. This is very strong performance for a barbaric relic that doesn't yield anything. The market keeps selling high yielding US debt and the Yanks are getting desperate to make sure no money in the US gets attracted to gold. They want the money to flow back into the bond market and fast, because when your stock market yields less than your bond market you really are sitting on a tinder box. Stock markets are supposed to offer higher yields than bonds, that's the whole point of them. If you want "risk free" returns go to the highest power in the land, governments that can always resort to tax or war to extract yield on their debt, but if you want high yield go to the stock market where you pay for that yield via risk.

The gold shorters are just part and parcel of the US bubble that knows it needs to keep money away from alternative classes of investments. If the money isn't flowing to support the stock market bubble, it better the hell be flowing into the bond market before higher interest rates implode the whole pony show.

As for the shorters who front ran the ETF and sent the price of RSG down, they belong in jail. But before we lock them up I want to thank them again for the opportunity.

" believe me WE ARE IN A BUBBLE right now and the only thing that looks good is the stock market but if you raise interest rates, even a little bit, that's going to come CRASHING DOWN............... WE ARE IN A BIG FAT UGLY BUBBLE and we better be awfully careful and we have a Fed that's doing political things.....this Janet Yellen, of the Fed....the Fed is doing political ....by keeping interest rates at this level and believe me the day Obama goes off and he leaves and he goes out to the golf course for the rest of his life to play golf when they raise interest rates you are going to see some very bad things happen...."

Those pre-election words are the only thing that Trump has ever said that I believe and the only take away that investors should read out of the whole Trump era, Trump stock market rally. Esh