RE:RE:RE:Price and volume on the up!My Comment: I'm not worried about any pullback in the PMs because the US national debt just keeps ballooning higher.
Any U.S. attempt to restrain gold price would backfire – Jeffries’ Christopher Wood | Kitco News Excerpts:
Wood wrote that there is an “obvious temptation on the part of a major central bank to seek to try to manage the gold price,” and shared an anomalous move in Comex gold futures as an example of how this kind of management might appear. Wood also noted that despite their recent gains, gold mining stocks “are not really outperforming bullion on the scale which would normally be expected to happen in a roaring bull market” like they did in 2001 - 2011. “Gold mining stocks also remain extremely cheap based on the current bullion price,” he said.
In the case of the fiscal situation, the ultimate temptation in Washington could well be to try and fix longer dated bond yields in some US version of yield curve control which would surely be as gold bullish as it would be dollar bearish. This is why official efforts to manage the price of gold in the above context risk backfiring.”