...who will buy US Treasuries if they want Gold?
...Is Gold entering the geopolitical realm too? Is that what that explains this present move?
...Could get quite volatile if China continues pushing Gold/Silver higher and the US via JPM keeps shorting it. That could make precious metals stock super volatile.
China Gold buying.
Note: Historically China buys and only announces once in a while. Yet this past buying binge they've been updating almost religiously monthly. Why?
Stated before (as ZH contributor last year) and restating here: China is signalling to BRICS partners it means business and earning their trust pursuant to an int'l RMB, as a centralized Gold repository, and an eastern hub for global BW3.
And they are no longer carrying Western water to keep gold news to a minimum.
Western banks are following suit. There will be a renegotiation soon of terms.. and it wont be mushroom-cap Yellen they send. probably Dimon after they negotiate with him.. lol
Banks are looking for something more to justify price support of the bond market given the renewed interest in Gold as a store of value. That’s how capitalism works. Luckily, China is capitalist
https://x.com/Sorenthek/status/1779520510646263887I am going to steal this
