Jim Sinclair’s Commentary
Add one more exchange — getting ready for the shift to physical away from paper gold.
The Hong Kong Golden Dragon that kills COMEX
May 9, 2017
Gold and Silver has been in a long bear market since the 2011 May 1st slam, and us stackers have had to watch gold drift lower and lower staring at our stack while watching stocks break new highs everyday.
But the con game can’t go on forever, it’s impossible to have 500 people claim the same bar of gold just the same as it’s impossible for 500 people claiming ownership to your house.
That is where Hong Kong comes into play, the physical gold dragon will eat the paper pushers for lunch.