To a degree we are suffering from our own success, the Insti's want in and with the Yanks pressuring POG the MM's have the cover to hold the price for their mates. C'est la vie that will change.
The Yanks want it at that kind of level now but I don't see it going sideways for anything like that long they themselves will want to make money then there are the CB's and the Far East/China who will be in like a shot at that level.
More fool them, given current games I am more than happy for Shaun to time the release of what must already be sitting on the shelf for maximum impact.
The Yanks are determined to get it under 4000 and get the technicals to take over they will go for it tomorrow. Sit back and put your feet up we are in for a bout of the summer blues. Come back on St Swithin's day or what ever it is.
What impact will SpaceX,OpenAI,Anthropic IPO's have on the Gold Price. Personally I can see a liquidity problem across the market with many investors cashing out of existing positions (not just gold)
Does POG really matter given the Puts we have in place - we will still be generating oodles of cash (maybe find a few distressed opportunities). By mid 2027 the world will be a different place one way or another.