Who are these "elites"?.....That's something I've never managed to elicit from the gold forum. ... because the answer is obvious - names are irrelevant - the definition of elite means high net worth individuals and entities.
Gold is selling...in large quantities, the Perth Mint is selling record amounts, and so is the US Mint, but the price is still declining, a very bearish indicator. Perhaps the mint is selling record quantities, because record quantities of it are being mined - and interest in it is far above what you continually imply on this board.
Bearish this bearish that... fact is gold is ~12% down from it's record high and has been consolidating for 18months. Lost opportunity holding it in this FED circus macro? absolutely, there have been opportunities everywhere. What's yet to be seen is whether it breaks up or down... if it breaks up you sure are going to look silly.
