Andrew McGuire thinks the Chinese are setting up the Fed to be the "patsies" in the gold market. Just after the 18 min mark.
He starts explaining some of this at 16:30.
The problem is the increased demand for delivery of physical.
My question is the Fed actually really on board with this - enabling the shift of gold over to China. Or a patsy? Fed caps the rises to cause a price drop, and covers, while China etal buys the pull-back also.
Chinese (and others) are buyers of physical. They want to "buy low".
Is the Fed actually helping to manipulate the prices lower via shorting paper (futures) market to help China? Or stupid?
https://www.youtube.com/watch?v=ThKGpJ_mx60&list=PLE1y8hGSqr8ar1gKUdfqFDK5ygLIlrdmz&index=2