Volatility is hurting investors confidenceI think Sandstorm has been thrown around so hard that people are losing their nerve. The volatility is sickening. And gold can't get a bid in an environment where money printing forever is 100% assured. The world central banks are hard at work shooting te messenger. GOLD. Wich is easier then cutting defecits and making politicians get along and living within teir means.
The Mainstream media propaganda campaign against gold also contributes to golds perceived bear market beginnings wich is a bunch of BS. And here we are... What drove the gold prices from 2000 to 2011? It was huge USA defecits. Wich are accelerating. Gold and silver are money and they must be supressed and traded with such volatility that only a mad man would want to own it. The comex controls the price wich has no link to actual supply and demand fundamentals. So the price discovery mechanism is now temporarily gone.
The psychological war on Gold is still ongoing. In an environment where gold should be at 2500$/ounce it is hated and trades in ridiculous counter intuitive patterns. I believe that the true price will eventually win out. But it may take a while. The trigger will be infaltion or perhaps QE7. But you have to believe that they will not make it easy on us. And your will has to be strong.