~*~Mining and Metals Du Jour~*~

[the cork]

Good points S~P. I never liked St Angelo's explanation that "investors in Europe who have their gold stored in Switzerland are moving it to the United States."

Those aren't "imports."

I think the most plausible explanation is, the US is importing gold because we have depleted our own reserves over the years perverting true price discovery, and need the infusion of fresh gold to continue the ponzi scheme of propping up the US dollar.

Without fresh supply, true price discovery asserts itself and the gold price rises. We can't have THAT!

Options expiry is driving the gold price now, not the ridiculous assertions put forth by the MSM that it somehow has something to do with last night's farcical "debate."