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More Gold Will Go to Asia Whether We Tariff or Not

Housekeeping: Good Morning.

“Government intervention only speeds up trend, it cannot reverse trend ”

Topic:

* More Gold Will Go to Asia Whether We Tariff or Not

Market Analysis:

We trust these near real-time pieces from the bank’s CIO office as consistently having two messages.

* The facts and risks as they see them.

* The meta-message if they are/are not reacting by changing price targets

This one also confirms what we have described as to the mechanics of LBMA/COMEX EFP and delivery smelting.

We’ve also added our own personal interpretation as they politely intimate

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The skinny

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