Ann: General Security Agreement, page-186

Price movements at the moment is all hocus pocus bullshit.

You are wasting your time watching any videos where the guest are correlating future price targets based on policies, stimulus, yeilds, bonds etc.. Yes, they fundamentally do support strong/sustained gold prices, however, essentially, it all comes down to simply a function of supply v.s. demand, particularly, trading in the futures market. Try and avoid videos from K1tC0, especially the traders they bring on. Most of what they say is complete horseshit, particularly, stupid price targets that are not substantiated by anything.

Firstly, you need to understand the main players in the futures market. You will then see that is there has been very strong physical delivery demand and that the swap dealers/bullion banks shorting the futures contracts is the only reason why the prices are where they are. The bullion banks can keep doing this for a very long time. There could be even a cataclysmic event that cuts off most the supply off gold and prices could still remain the same as long the bullion banks keep shorting the futures market. No one knows when this will end, but, it will at some point and when it does, you'll likely see a short-squeeze in the POG. At the current gold prices there is still strong demand for the physical gold so IMO that is bullish as that fundamentally is what underpins the current prices.

Money from managed funds can temporarily move the POG, however, these guys are short term traders and currently they are invested at really low levels long in the futures contracts. So, as mentioned in my numerous post here previously, until managed funds return back into the sector, we are likely to range trade here at these prices levels for awhile... For example, if managed funds buy 300k contracts, it could temporarily surge the price to $2200usd, however, the bullion banks would then short and smash the price down aggressively and ultimately shake the funds out from their trade....

Alternatively, we see a surge in the demand for physical gold deliveries and when the shorts cannot make good of their contracts, they'll be forced into the biggest short squeeze yet to be seen because they won't be able to get the physical gold. That is what most are hoping for.

But the most realistic & best case scenario would be to just flush out the trapped traders and the only players in gold stocks will be professional money + retail that understand the sector. That way, all the shit explorers and grassroot players will be worthless and the strong prospects will be valued fairly. This was how the sector operated during the POG lows between 2015-2018

Hence my comment, not particularly directed at you. Longs in Gold = Be patient. Short Term = Don't Trade it.

At the $1850/USD range, the price is already strong as Fck! producers aren't complaining!

start with this video, it provides some good insight