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Not how I read it although he does write in an annoying ambiguous manner a lot of the time.
After all in the linked post he argues that price rise is not due to central bank buying but purely retail, when the graph I have posted above shows that is clearly not true...the lead up to this current price rise was definitely stimulated in large part by central banks moving from USTs and into gold.
Would love to see him put his sats where his mouth is, wherever that is...
Everyone can do exactly that here :)
https://beta.predyx.com/market/gold-price-6000-before-may-2026-1769394325
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I think den is saying he is skeptical of gold/silver slowing down, at least that is how I read it.