The reversal of QE and the price of gold, page-7

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    @shakespeare

    "when QT started feb 2018 gold fell and has been falling ever since as QT ramps up. what do you make of that?"

    I don't make anything of it.

    I think that the price of gold is relatively weak because of oversupply in the wholesale market, and the unwillingness of COMEX traders to commit to the long side.
 
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