Below is an interesting read regarding the economic situation right now and summary of whats going on with gold. It is obvious it is getting manipulated...
It looks like crypto has taken the place of gold for now (big tech like Elon getting involved, tweeting, huge money entering, funds going crazy over it, new young internet/social media investors following the money train) Not as many coming to gold anymore as the quick returns don't seem to be there. Plus many are aware its artificially oversold by the big banks and governments around the world so many are going to Cryptocurrency instead - however it is at a huge high right now and a big bubble waiting to burst IMO - gold will always be the fall back once this happens.
Basel III could be the turning point in a few months time...
Basel III Could Be Gold's Best Friend | Investing.com
"With trillions being printed in the US, loose monetary policy across all the world’s central banks, very low interest rates, inflation on the horizon, geopolitical worries, and the dollar being destroyed, why isn’t Gold – a breeding ground for the aforementioned macros – going to The Moon? The answer may be staring us in the face; and getting closer by the day."
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- Ann: Further high grade gold paves way for Resource upgrade
Ann: Further high grade gold paves way for Resource upgrade, page-24
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