RE:RE:Sandstorm Selling their gold
Major Gold companies admitted wrong doing today In Pascua Lama. (Barrick Gold) They lost 4% on the news. Then every other gold stock got whacked. And overall fear of Syrian war was bullish for gold. Plus gold seems to have turned bullish lately on top of this news.
But sometimes big firms like to short gold miners and go long gold as a hedge. Others would conspire that this is the big firms way of telling the market that gold wil get whacked overnight. And to pile into the trade. A signal if you will that gold is about to get pulled lower.
Im not sure where we stand on this. But If I am a central planner I want the US dollar and USA Bond market to be a safe haven right now, NOT Gold. So if I had unlimited cash and I could manipulate any market and I worked at a central bank.. I would do just that. Know your opponent. I am long gold and bullish gold btw. But they seem like they are in a bit of a pinch. Treasuries yield going up, Gold going up, and Stock market going down... Where is this recovery¸.. They are approaching the taper and the moment of truth in the bond market, debt market and gold market... And that scares the hell out of them .. Might as well start a war in Syria. I hope I am wrong but follow the money and connect the dots