it´s all pure madness.....................exactly, and who is making it such-the banksters
one day the word is white is white ,the next or earlier they tell the goys white is now black ..and the idiots fall for it everytime
sinclair says he hasnt seen this type of gold action in all the years he has traded
15 Brilliant Insights From Hedge Fund Superstar Kyle Bass
On why he owns so much gold
My opinion is very simple as a fiduciary… to the extent that you own gold and you are going to own it a long time –it’s not a trade. It costs us about 90 basis points a year to roll it through financial futures contracts," he said. "And then we went and looked at the COMEX. The COMEX at the time they had about $80 billion in open interest between futures and futures options. In the warehouse they had $2.7 billion of deliverables. So $80 billion in open interest — $2.7 billion in deliverables. We’re gonna own it a long time. You’re on the board, as a fiduciary, what do you do? That’s an easy one. You go get it. So you go take a billion of $2.7 billion and you let them worry about the rest."
"When I talked to the head of deliveries at COMEX NYMEX, I was like, ‘What if 4% of the people want deliveries?’ He said, ‘Oh Kyle, that never happens. We rarely ever get a 1% delivery.’ And I asked, ‘Well what if it does happen?’ And he said, ‘Price will solve everything’ And I said, ‘Thanks, give me the gold.’"
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