One of the greats just put out a note on the gold market.
April 28 (King World News) – Ole Hansen, Head of Commodity Strategy at Saxo Bank: Gold consolidating around $1700/oz with short-term headwinds from easing lockdowns overshadowing the longer term bullish outlook. Large speculators now sitting on the fence after having cut net-longs by 37% since Feb peak. (See below).
Short-Term Headwinds For Gold But Longer-Term
Bullish And Heading Higher
***To hear Michael Oliver’s call for gold to hit new all-time highs click here or on the image below.
Two More Jaw-Dropping Collapses
***Also Released: That’s Right, Two More Jaw-Dropping Collapses CLICK HERE.
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