The Sprott analysis of the gold market - that it is being manipulated to prevent Chinese buying having an impact on prices - is fundamentally flawed

PortfolioDirect
The Sprott analysis of the gold market - that it is being manipulated to prevent Chinese buying having an impact on prices - is fundamentally flawed. I am no defender of official gold market statistics (see (VIEW LINK) but Sprott's view about China assumes that buyers are more important than sellers. This is wrong. Prices only go up when desperate buyers have to shake out reluctant sellers. Perhaps Chinese buyers can hoover up so much gold without an impact because non-Chinese owners are willing to sell. Evidence of Chinese buying alone, no matter how big, is not enough to demonstrate a market imbalance.
1 topic

John Robertson is Chief Investment Strategist for PortfolioDirect a provider of resource sector investment stock ratings and portfolio strategies for mining and oil and gas investors. He has worked as a policy economist, corporate business...
Expertise
No areas of expertise

John Robertson is Chief Investment Strategist for PortfolioDirect a provider of resource sector investment stock ratings and portfolio strategies for mining and oil and gas investors. He has worked as a policy economist, corporate business...
Expertise
No areas of expertise