Yeah mate.
The bullion banks got their heads handed to them because they had to deliver to the longs and supply had dried up due to the con virus so the bullion banks had to buy in the open market because they were naked short.
The bullion banks are now finished in the naked short game because physical demand has outstripped their ability to run the price down because longs will no longer exit the trade.They will take delivery.
The bullion banks are still short and will have to cover on any dips in the gold price,of which we have almost certainly just witnessed with this big spike up in price.
So it just leaves the central banks ( US Fed, BIS BOE ) to carry on the rigging game. And their ability is seriously limited.
The gold price is short term overbought but slightly longer term way under valued due to decades of price suppression.
And that is without the nonsensical behavior of the ruling class over the con virus.
Gold is a hedge against government and central bank corruption and we have that in spades.
Gold will be many multiples of where it is now.
We are just getting started.
- Forums
- ASX - By Stock
- BDC
- Ann: Quarterly Activities Report
Ann: Quarterly Activities Report, page-86
-
- There are more pages in this discussion • 8 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)