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Yamana Gold Inc. (Canada) T.YRI

Alternate Symbol(s):  AUY

Yamana Gold Inc is a Canadian-based precious metals producer with gold and silver production, development stage properties, exploration properties, and land positions throughout the Americas, including Canada, Brazil, Chile, and Argentina. The company's portfolio includes five operating gold mines and various advanced and near development stage projects and exploration properties in Canada, Brazil, Chile, and Argentina. The projects of the company include Jacobina Mining Complex, El Penon Mine, Canadian Malartic Mine, Cerro Moro Mine, and Minera Florida Mine.


Yamana Gold Inc. (Canada) > Why Kitco interviewees hate gold

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November 06, 2022 - 09:39 AM
133 Reads
Post# 35077030

Why Kitco interviewees hate gold

Here is why Kitco can get such a biased view

All interviewees are north american who always short gold but they are losing on friday. They say this stuff (short squeeze, wont last) so that clients dont say 'you missed out'' or  'hey did you have gold on friday''?They would be embarassed to say they short the stuff all the time and that is why they love talking about  'ranges' they love to manipulate.Short and long see-saw manipulation within a range all the time.They love technicals about the 'range' because this is how they telegraph each other, akin to servie stations adjusting gas prices at the same time.

BUT

Here are the facts, the world gold council just reported that in the last quarter central governments especially in asia have bought the most gold on record. 400 tons.that is where the big money is coming from, russia china Turkey Kazakstan . 

Of course our banks and analysts are still treating gold as a profitable toy.Watch out since Asia is preparing for the lower US dollar they know it and they will help it along.They are buying gold big time and they now control more and more the market.

Thank God We will have less 8:30 am manipulation decisions to toy with the price of gold for the opening.