RE:RE:Who Agrees?I'm not one that believes pm manipulation are what really moves prices. Gold and silver are commodities that cost to produce and are purchased for a need. Real work produces gold and silver. Significant amounts of gold are bought by the jewelry industry, central banks and nearly half for investment. Some miners AISC is less than half of the price of gold. For the price of gold to move higher we need to see a surge in demand for gold (real store of value because of real work).
There has been a unprecedented increase in money supply (created fed money) that has gone into housing/backyard pools, stocks, cryptos (give me a break), free lunches/expensive wines, art?...... etc. Easily see a 15+% correction in the S&P with the winners wondering where to park their cash while the markets move sideways for a few years. Gold should be the receipient .... investors will want to exchange their "cash" for money backed by .... again... real work.
I don't see manipulation playing a significant role in the present/future price of gold.... there are bigger forces at play. As more investors see the "jig is up" more money seeking a safe haven will find its way to gold forcing prices to move higher. Fortuna wislely continues to focus on finding and producing gold ( real work). (I couldn't resist. I often think of the guys going into those mines each day.)