Look at who just said gold will hit $1,850+ before a real correction takes place, plus shades of March 2000.
Shades Of March 2000
January 13 (King World News) – Jason Goepfert at SentimenTrader: “Last week, y’all bought to open 21.6 million speculative call options. That’s the most *ever*. Your previous record was 19.7 million during the week of Jan 26, 2018. Your total bullish / bearish volume was the most since March 2000. So…wow. (See below).
WARNING: Bullish/Bearish Options Volume
Greatest Since March 2000
Gold’s Cup & Handle
Graddhy out of Sweden: “My long standing weekly roadmap is following my cup perfectly. Stretched the handle a bit as next 8 YCL (Yearly Cycle Low) will have pull by then. Added alternative route plus halfway pattern comment. Next 8 YCL (Yearly Cycle Low) is due 2023-24 but will probably come 2022-23. After that we will take off. (See below).
Gold’s Massive Cup & Handle Formation Forming
Parabolic Right Hand Side Of Cup
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Gold To Re-Enter Long-Term Channel
Eric Pomboy: “For Gold to re-enter long-term bull channel, Net Commercial Position would necessarily explode to around -600k contracts…suggesting much higher Gold price ahead. $1850+ before a real correction/consolidation would not be out of the question under such a scenario (see below).
Pomboy Looking For $1,850+ Gold Before A Real
Correction/Consolidation Takes Place
***Alasdair Macleod discusses the wild gold trading in gold this week, what to expect for gold, silver and the markets in 2020 and much more and you can listen to his powerful KWN audio interview by CLICKING HERE OR ON THE IMAGE BELOW.
One Of Greyerz’s Most Important Articles Ever
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