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Gold Smashes All Time Record – Here’s What’s Next

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I cover the recent gold price smash through all time highs to nearly $2000 an ounce. I cover the following aspects of the gold market:

  • The fund inflows to GLD and a gold trust account
  • The COMEX delivery notice spike, meaning longs are taking physical delivery
  • The huge amount of open interest in gold that continues to drive the futures market activity
  • The likelihood that gold continues a pullback before gathering momentum and heading back up to challenge $2000.

I also discuss the possibility that a bond default, or bank failure, resulting from COVID may lead gold to a completely different plateau.

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