We see gold demonstrating that it has turned a corner and investor flows return with a vengeance, aided by short covering and fresh longs in the futures markets.
Central bank interventions in the economy are nothing new.The consequences of them, however, are a man-made economy that behaves and looks rather weird, a Frankenstein economy if you will.
Central bank interventions in the economy are nothing new.The consequences of them, however, are a man-made economy that behaves and looks rather weird, a Frankenstein economy if you will.
There an oddity about gold at the moment with phenomenal physical demand in Asia, U.S. and Europe, while the actual spot prices languishes. We have written before about the strange disconnect between paper and physical demand but rarely has there been such a clear divergence.
Rarely has the gold market seen such a clear split, with the paper traders heading south while the physical heads north. The former has the advantage of leverage (via the futures) while the latter has scale.
Rarely has the gold market seen such a clear split, with the paper traders heading south while the physical heads north. The former has the advantage of leverage (via the futures) while the latter has scale.
