“…these markets continue to trade in a counterintuitive manner. There has been nothing that you could really construe as negative in terms of fundamental news happening for gold or silver in the past 2 years. We have seen massive QE, political unrest, rapidly falling supply, and very strong physical demand.
None of this is supportive of dramatically lower prices, which is exactly what we have seen. This suggests to me that the counterintuitive trading action is just a last ditch desperate act to protect the US dollar from its inevitable collapse.”