RE: Uncle Sam14 Oct 2021 11:45
Exactly the amount they need to continue their buying of physical.
In the immediate-term, Gold needs to come back to c$1,788 - I suspect the new floor is c$1,760.
I would expect them to use the 10-year yield to keep the price from booming ahead of Xmas but there was evidence, IMO, of YCC being deployed on the 30-year yesterday so that, if you understand it, is the nitro they'll pour on inflation/Gold if/when they ever confess to doing it but people are wise to it already, even if it's being done surreptitiously in the background, and that may well be why Gold is moving now ...