Ann: General Security Agreement, page-229

I find this is such a strange market. POG has been behaving like never before.
- Gold might be the ONLY underperformed commodities right now. Right in the middle of a commodities bull market. Lithium, Nickel, Cooper, Rare earths etc. All shot to the sky. For PMs, Silver and Platinum are both doing much better than Gold. Platinum already break out. Gold/Silver ratio is now reduced to 60/1. It was around 100/1 a year ago.
- During the last 5-10 years, POG is usually very strong during the month of Jan-Feb. Only for this year POG has been on a downfall.
- Central banks around the world has been printing money relentlessly. Bitcoin is having a great run which demonstarted that people do not put their trust in paper cash anymore. Yet, Gold has been struggling.
- Demand for physical Gold has been insanely high. Demand for Gold in China is very high last week due to the lunar new year and a booming economy. Not to mention that 21/2 is a traditional day among the Chinese community when everyone would buy Gold jewelry as a lucky charm for the new year.
- As you mentioned 24/2 delivery date is approaching also. Would it be too risky for Bullion Banks to short gold right now? Or they may know something that we dont?