@zerohedge Everyone is hating PMs. Even the bulls are winging. Time to buy. IMHO we are within a couple of days of a medium term bottom. Up from there for another 6 weeks or so. Hoping silver hits $57, gold $3900.
@KingKong9888 They make sense. They can 'use' the gold reserves without actually doing anything with them. And they can't since most of it isn't refined for physical trade. I can't tell whether this would decrease or increase overall physical gold demand though.
@LawrenceLepard I know it should do that but they can't let rates do that. It will destroy the system. 10Y rates and below have to stay low or else a lot of things break.
@badcharts1 The worst part is that it's cheap and you can buy it now and maybe more if it falls another 15% and then you wait and then you make a ton of money.
@FinanceLancelot Sovereign debt is what took the place of gold post Bretton Woods. Sovereign debt failing, returns gold to it's previous use as banking system and international collateral. I don't understand your reasoning.
@NorthstarCharts@NOMAD5895712711 Well, according to your chart, we are dipping down the red dotted line, now at/below the black dotted baseline, a place a person should be buying...