Greenspan’s “central banks stand ready to lease gold in increasing quantities should the price rise” is not about price suppression but about backwardation suppression.
Queen’s University recently provided BoC Governor Stephen Poloz a triumphal return to his alma mater. If students knew a bit more about economics they’d have been more reserved.
COMEX silver prices are largely unchanged year-to-date, despite a falling U.S. dollar and historically bullish CoT structure. So today we ask, are you ready for the next rally?