Its gonna keep heading higher.
Shanghai Gold exchange is drying up western vaults as the arbitrage heads east. The Comex paper derivatives market cannot play the same games of last 50 years.
Basel 3 NSFR is clear indication that BIS knew this day would come ahead of time and they wanted those positions unwound to prevent catastrophic bullion banking failures.
We're getting to the pointy end now, this decade is a commodities one. The backdrop is perfect for smart operators who can build assets into this decade.
The tailwinds are with us.
Ann: Amended Second Rig Added to Accelerate Drilling at Liontown, page-10
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