Is Gold Headed for a Rug Pull? (Someone Cried Uncle)
Is Gold Headed for a Rug Pull?
Tactical Warning: Someone Cried Uncle and that's not good
TitleTopic/Timestamps
: 3:31- "Is Gold Headed for a Rug Pull?"
Video Notes:
- War, Debt, Inflation, rate cut potential all are known quantities
- JPM, GS, UBS, Citi, BOA all out did each other raising targets very similarly to how they do it on stocks they play catch up with.. not bag holding
- Every Bullion bank has not only raised their end of year targets, but raised their targets again since March predicated on buying they have no control of nor heads up of it coming as the play catch up to market forces1
Two Sundays ago, someone cried uncle, just like on December 4th...
Since then:
Macro appetite for adding to longs has diminished...
Options are now being sold by macro longs back to bullion banks...
China is clamping down on excessive speculation...
More here
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