I think it is wildly known now that, For whatever reason and i don't want to speculate, the bullion banks have been manipulated the gold price in the paper market through their shorts. The Likes of 'G.S.P' & 'KWN' correctly identify this but there is ever little deep analysis into the movements correlating with the 10 yr yields. It appears to be algorithmic trading and probably a hedge position against some other bets they have going on. Who the hell knows. The reason we all cry manipulation is because it is bullshit that this is the determing factor for POG when instead it should be based on supply and demand and with a squeeze in supply POG should be much higher. That is how a free market works.
I want to draw your to the below date periods. During these periods, we saw the POG get smasheddd down savagely and you can see why look at the 10 yr yields. For example. during these periods, you can see the yields dumping up like 200% basis points in a matter of less then a week! When you see aggressive spikes like that expect volatility in the price.
It appears that the market has found where they believe the fed are capping and controlling the yield. Additionally, there has also been some increase in bond purchasing from others. If we see the yields steadily decline to 1.2%, it is going to be bullish as f* brother. The whole sector is going to run rampant parabolic as we are the only sector left with a strong enough narrative to pump. Enticingly, no new money is in the sector. The funds can made multi multiii billions pumping the gold sector.. EASY!
11 August 2020 - 12 August 2020
4 November 2020 - 10 November 2020
4 January 2021 - 11 January 2021
You can find data here
https://www.cftc.gov/MarketReports/CommitmentsofTraders/index.htm
Then scroll down and click here. Next update will be released tomorrow.
Scroll down until u find this, how it correlates back to pic 2 is simply the nett difference between long and short positions held by, swaps, managed money etc
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firstmac mortgage funding trust no. 4 series 1-2020
Ann: General Security Agreement, page-769
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