Paulson and Cohen also made investments in miners, lots of Call option buying. Last Friday a lot of Calls in miner expired worthless ..... is that trend over? We shall see.
China imported over 223 tons of gold in March alone -- almost 4x the amount of last March. If Rob announces an agreement with China, or anyone --- since physical demand appears to be sizable, I think you will need to "run" a bit faster.
Hey Pio ..... there is going to be a lot of volatility. Owners are pulling their PM out of questionable vaults fearing their metal may have been hypothecated......re-hypothecated....re-re-re-hypothecated away. Bullion banks are trying to keep a lid on this. How long can they control this ....... I expect Ben will be bailing out the COMEX soon.
They know exactly what they are doing. They said to short --- and that call was correct (... it helps when you are part of the inner circle ....... or a majority of the circle). You know they were buying when PMs were crushed. I believe we are about ready for the moonshot ...... and so is GS.
.....and at the mint.......
a record 63,500 ounces, or a whopping 2 tons, of gold were reported sold on April 17th alone, bringing the total sales for the month to a whopping 147,000 ounces or more than the previous two months combined with just half of the month gone.