Well you know... It's the twilight zone, it's clown world You're absolutely right, PM should go up, in theory, but that's forgetting a tad too fast that gold market is rigged, too https://www.zerohedge.com/news/2016-12-08/deutsche-limplicates-other-banks-silver-gold-scandal Guilty: Deutsche Bank Implicates UBS, HSBC, Scotia Bank and More https://www.zerohedge.com/news/2017-04-11/bank-england-rigging-libor-%E2%80%93-gold-market-too - Bank of England implicated in LIBOR scandal by BBC - “We've had some very serious pressure from the UK government and the Bank of England about pushing our Libors lower.” https://www.zerohedge.com/news/2014-01-16/precious-metals-manipulation-worse-libor-german-regulator-says Precious Metals Manipulation Worse Than Libor Scandal, German Regulator Says https://www.zerohedge.com/news/2014-01-17/german-gold-manipulation-blowback-escalates-deutsche-bank-exits-gold-price-fixing German Gold Manipulation Blowback Escalates: Deutsche Bank Exits Gold Price Fixing https://www.zerohedge.com/contributed/2013-03-14/gold-and-silver-prices-are-set-libor-daily-conference-calls-between-handful-b Gold and Silver Prices Are Set In Libor-Like Daily Conference Calls Between a Handful of Big Banks .... And why is that? Why was (and likely still is) the gold market manipulated to such extent? Because gold, is the direct competitor to fiat, hence paper gold, so you can artificially lower the price of actual gold ... So yeah, you're probably right, but the contrary is somehow just as valid... Clown world Why are so called fundamentals irrelevant? Clown world You have to factor clown world parameter, and for that, either you work within clown world factory, and you're in the know, OR, you look for the scandals that pop up here and there, to get a glimpse into clown world fabric, to have an idea of what's likely going on behind the curtain essentially .... I'm not even sure there's an end to clown world funny money ponzy scheme. Frank Giustra is categorical, he says it will end. And maybe he's right, and theoritically he's right, and I beleive it will end too. Question is when though. Tomorrrow? Next Year? Next decade? Century? I mean, that's digit floating in computers for the most part, it doesn't even have to be printed ultimately, that's one thing. The second thing is the stock market is a matter of national security, so there's no end in sight, they'll never give up on it. Third thing is the cleanest shirt in the dirty laundry basket. As long as the dollar remains the cleanest shirt, it's all good That's my take on it But yeah, if shit goes down the drain entirely, yeah, ultimately what he describes is likely to happen, that's realistic perspectives. And again, that's starting with a premise that this isn't going to turn full no tomorrow ww3, first... And then maybe there's no then. At least not as we know shits as they are.