The price of all commodities (especially gold and silver) have been controlled by the west for years. The East are now aware of this manipulation, ie, keeping the prices of commodities low through the futures exchanges so there is no real price discovery and the West for years have been buying other countries production for F all. It`s been a great scam, saudi arabia recently said they were pissed off with the oil price manipulation.
We will see going forward, higher prices as the east accumulate even more gold (the west has next to nothing) and will set a price much higher than the west which will then drain the comex et al as dealers take advantage of the arbitrage opportunities. The West has F all gold /silver and they are about to fall on their sword. Countries are now buying and selling stuff in their own currencies rather than using the dollar.
The recent price manipulation including the shares seems to me to be desperation. I am buying the stuff that they are hammering down, the stuff they want you to sell.
PGO Price at posting:
42.5¢ Sentiment: Hold Disclosure: Held
