Jesse, of Cafe Americain, is a difficult money man to pin down politically. His politics of compassion say “left” but his financial activities say “right”. Perhaps he’s just reactive.
One thing he does do is come out with statements which are then borne out, on a variety of topics. Here are three today:
More notable is the interesting delivery month we are seeing, with plenty of warrants for the April contracts changing hands, but little to no gold showing any visible movement in the warehouses.
As you may have read, China has opened Beijing as a third point of imports of gold, in addition to Shanghai and Hong Kong. One might suspect that the numbers so closely watched by some in Hong Kong will continue to become increasingly less relevant to that actual world trade in gold. Much like the Comex.
Big things are happening behind the scenes. But you will see only traces of their footprints in the news of the day.…