Thanks Vanescent ![]()
....In a primary Bull market for gold, this selling forward is a loser’s game – unless periodically your client -- the central bankers -- give you a helping hand. Let’s say they help you get out the story that you are de-hedging, which drives the price above $700 where you hedge more by forward selling, then squeeze those buyers by various central banker tactics to where the gold price drops to below $600 where you buy those contracts back.
One hand helps the other. You know? ![]()
THE PPT with Goldman Sachs and JPM in the Frontline. ![]()