To generalize the aussies are better managed to drive shareholder value across the whole cycle and are much more resilient in a downturn.
On the comex website it reads: (the london bullion market is an otc market.)
Note huge spike in m2 revealing 1.8 trillion new dollars created since january.”
Out of the 5 instruments in the metals asset class, gold ended up ranking 4th for the day in terms of price change relative to yesterday.
From a technical perspective, mckay also sees more price gains….
Demand for gold coins must be seen as a retail sentiment indicator….
If gold spikes to $10,000 an ounce i am quitting work and going digging.
The higher the gold price goes the higher those values increase.
Relative to other instruments in the metals asset class, gold ranked 2nd since yesterday in terms of percentage price change.
A bunch of front companies sold him a whole lot of gold but the gold price didn’t do anything because the supply was from lead.