“He who sells what isn’t his’n, must buy it back or go to prison.”
Daniel Drew
Unless you are a banker. Then you get to keep your gains, and get backstopped by the Fed for any losses. Because you are just that systemically important, and politically well-connected.
It looks like they are managing the physical ‘gold float’ fairly closely, shoving metal around the plate to make the global market seem fully functional. Silver, not so much.There does not appear to be much if any shortfalls in physical supply.
Let’s see if the outflows continue to pause and reverse this week with the upcoming Non-Farm Payrolls Report.
