As Bloomberg TV said today, 'gutsy call by Goldman Sachs to short gold last week.'
As you can see the premiums are generally negative. We have not seen anything like this in quite some time.
“Thus, it should be understood that when pro-US figures use the term, 'rules-based international order,' they are not referring to anything analogous to the rule of law. Quite the opposite, they are using Orwellian language to describe a system in which essentially no rules can be established and/or observed, given that the dominant state has the prerogative to violate and/or rewrite “rules” at its whim.” Aaron Good, American Exception