Like a Phoenix, The Golden Triangle Rises AgainJuly 25, 2020
The Silver Bull Market Continues to Gain SteamJuly 30, 2020
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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