I used to be a gold bull but the price action very telling. Nominal yields are crashing (and growth stocks pumping to new infinities everyday, they used to move in line with gold on rocketing yield), real yields below -1% again, USD can't break 93, and gold still shows weakness. What is gold? Seems like it's simply a crisis asset.
It's manipulated af but can manipulators suppress such a huge market for so long?