Williams: “I’m keenly focused on the price action in gold. We are now beginning to see to see some very interesting and positive developments in the gold price from a technical perspective. We have also seen some staggering gold exports from the UK, through Switzerland. This gold likely went into China….
“Eric Sprott has done some phenomenal work on this in the last week or so. He’s put out a couple of pieces, including an open letter to the World Gold Council that runs through the numbers and demonstrates very clearly that there is a significant supply/demand imbalance in the gold market.
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