• Price Change UP Icon Gold $2,154.00 +0.00
  • Price Change DOWN Icon Silver $24.95 -0.20
  • Price Change DOWN Icon Platinum $909.00 -34.00
  • Price Change DOWN Icon Palladium $1,020.00 -71.00
Why Buy Precious Metals
August 9, 2023

How does Central Bank selling affect the gold market at this time?

Jim Sinclair's MineSet, by James Sinclair in
Share On Social Media

“Every time gold runs hard they pull out the gold-phobic Bundesbank to do a blitzkrieg on the price. Any effort by Germany to sell gold will be offset by China buying Germany’s gold. If that financial vaudeville act was not a cry for help from the shorts at gold $565, I never heard one.

When will the foolish holes in the wall gang of fund managers wake up to the fact that the most bullish thing that happened for gold from 1970 to 1980 was Central Bank selling?

Central Bank gold will never see the marketplace but will be traded between the banks themselves. Should any central bank demand sales into the market, all they would do is facilitate huge buying of major lots at singular prices free of commission. This attracts big money and is therefore bullish. Had gold held $565 today, then I would not have been at all surprised to see it take out $600 next week.

So this is it. The battle of the gold titans is on. This time the naked shorts are the gold fund traders.”

*This information is solely an excerpt of a third-party publication and is incomplete. Please subscribe to the referenced publication for the full article. This is not an offer to buy or sell precious metals. Investors should obtain advice based on their own individual circumstances and understand the risk before making any investment decision.

Get Your Free Report
A Rising Storm
All form fields are required *
Thank You

Want your kit sooner?

Faster delivery
is available by phone.

800-444-8317

Download Your Report

Enter your phone number to be connected to a Monex Account Representative.

Thank You
Want your kit sooner?

Faster delivery is

available by phone.

800-444-8317
All form fields are required *
Embed Spot Prices!
Copy and Paste below code into your HEAD tag / before end tag of body to embed chart.
Copy and paste code below wherever you want your chart displayed.
Copied to clipboard
Embed This Chart!
Copy and Paste below code into your HEAD tag / before end tag of body to embed chart.
Copy and paste code below wherever you want your chart displayed.
Copied to clipboard
FREE REPORT OFFER
A Rising Storm
Thank You
Please check your email for a confirmation link and Free Report!
I agree to receive news and promotional material from this website and understand I can cancel at any time. Privacy Policy