For THAT much gold to have got on the market, somebody big is financing something, liquidating a bunch of their reserves?
Russia’s got African gold as part of its income ( the Africa Corps, formerly Wagner, being their means of harvesting African gold, both directly & indirectly, apparently )… this could simply be them converting from gold to some other kind of asset, in financing their war…
XOR it’s all ditched futures?
The people who pointed-out that it’s all just a 2-week setback, though … consider that the other-way-'round:
that in 2-weeks, gold has CLIMBED that much…
THAT is … terrifying.
World’s bracing for economic-armageddon/collapse/Depression2.
For THAT much gold to have got on the market, somebody big is financing something, liquidating a bunch of their reserves?
Russia’s got African gold as part of its income ( the Africa Corps, formerly Wagner, being their means of harvesting African gold, both directly & indirectly, apparently )… this could simply be them converting from gold to some other kind of asset, in financing their war…
XOR it’s all ditched futures?
The people who pointed-out that it’s all just a 2-week setback, though … consider that the other-way-'round:
that in 2-weeks, gold has CLIMBED that much…
THAT is … terrifying.
World’s bracing for economic-armageddon/collapse/Depression2.
_ /\ _