The gold market is not behaving as a natural market. There are several relationships, demonstrated by charts in this article, that show extreme imbalances.
https://sprott.com/media/258481/7-2013-MAAG.pdf

The Unbeatable Investment Management Combination
Conventional asset management isn’t just underperforming. It has structural failures that most investors have never examined. Compounding is the real engine of wealth, and optimal compounding requires proactive processes to

