IMO PGI is an easy one to manipulate down, and for good reason:
1. Confusion: There is HC choir singing about problems and solutions. If the SP sinks, there always seems to be a Hero of the Moment with some rationale to the move.
2. Sentiment: Gold is having a re-birth, reverse that of BitCoin. Still, for many holders of fiat money and assets (e.g. a house in the suburbs) bought with fiat and must be paid off with fiat dosh, crazy gold is too crazy. Hence, the only investors in Gold are Smart Players with Deep Pockets and Little Guys with Nimble Trades (Long and Short).
3. Aussie Mate - I reckon many ASX Precious Metal stocks are getting manipulated in expectation of a global flogging about to reset the US Dollar and all those lofty financial instruments that have bedazzled and fleeced the sheeple.
4. PGI looks set to rise high with a rising tide of precious metals. Why not slam it down "one more time", Britney?
I'll also post some of this on the Gold thread.
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