E.B. Tucker wrote Why Gold? Why Now? and has followed gold since it traded near 350 dollars. With gold around 4,400 he still is not a gold bug, and he says most people in this market never make money because they treat it as an ideology.
His argument is that leveraged futures set the price of gold, not demand and not money printing. He calls it a managed market, not a conspiracy. He and Chris Vecchio also get into why the mining stocks are not working. Education, not a recommendation.
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Chapters
00:00 Gold up 10 percent from the lows
01:17 Why gold bugs do not make money
02:23 Define your game before you buy
04:50 Money first, commodity second
05:29 What actually sets the gold price
07:02 Why the mining stocks are not working
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