This just hit a 10-year high and it will help cement a bottom for the gold market.
Gold, The Iran War And BS
July 14 (King World News) – Peter Schiff: Gold is back below $4,000 as bond yields rise, the Iran war escalates, and Warsh prepares for his first-ever congressional testimony tomorrow. Precious metals traders are likely positioning for more B.S. hawkish comments about the Fed’s resolve to bring inflation down. Buy gold.
GOLD: Ignore The Noise
Otavio Costa: Ignore the daily geopolitical noise.
The chart below is the only one that really matters this weekend.
KING WORLD NEWS NOTE: China’s Central Bank Is Buying Massive Amounts Of Gold
Act accordingly…
Listen to the greatest Egon von Greyerz audio interview ever
by CLICKING HERE OR ON THE IMAGE BELOW.
Dollar long just hit decade high
Ole Hansen, Head of Commodity Strategy at SaxoBank: In the week to 7 July, when the US dollar traded mostly lower and was little changed against the euro following the weaker-than-expected June payrolls report, the gross non-commercial USD long across the eight major IMM currency futures nevertheless continued to climb, reaching a fresh 10-year high above USD 40 billion.
KING WORLD NEWS NOTE: Bets On The US Dollar Continuing To Surge Just Hit A Fresh 10-Year High!
As shown in the table, the main positioning shifts were EUR selling (USD 2.5 billion equivalent) and JPY buying (USD 2.4 billion equivalent). The latter was driven by the post-payroll decline in USDJPY towards 160.50 and came ahead of last Friday’s supportive comments from Japan’s Finance Minister urging domestic pension funds to increase investments in Japanese assets.
Elsewhere, despite a solid amount of sterling buying, the overall dollar long continued to increase, supported by continued selling of the Canadian and Australian dollars.
Gold & Silver: Just Released!
To listen to Alasdair Macleod discuss what to expect in the coming weeks and months for gold, silver, miners, and oil CLICK HERE OR ON THE IMAGE BELOW.
ALSO RELEASED!
ALERT: Gold Demand 5,000 Tonnes, But Gold Mine Output Only 3,672 Tonnes! CLICK HERE.
Michael Oliver – Despite Pullback, Silver Coiling To Rocket Higher CLICK HERE.
China Is Buying Massive Amounts Of Gold & Silver And Dumping Dollars CLICK HERE.
Gold And Gold Miners Have A Long Way To Go On The Upside CLICK HERE.
This Signals We Just Saw The Final Bottom In The Silver Market CLICK HERE.
Is This About To Make Gold & Silver Prices Soar? CLICK HERE.
Here Is Yet Another Upside Catalyst For The Gold Bull Market CLICK HERE.
Oil Surging As Gold & Silver Tumble. Here Is What Is Happening CLICK HERE.
Central Banks Expect Gold Price To Soar 32% By June 2027 CLICK HERE.
Michael Oliver – Big Money Watching These Key Levels In Silver CLICK HERE.
Roadmap Exposes Shocking $26,000-$75,000 Price Targets For Gold CLICK HERE.
Turk Warns We May Finally See The Long-Awaited Comex Default CLICK HERE.
Vault Run Continues As Comex Gold Inventory Plunges 30% CLICK HERE.
These Two Prices For Silver & Miners Will Confirm Historic Bottom Is In Place CLICK HERE.
MAJOR UPDATE RELEASED: Gold, Silver, And Black Gold CLICK HERE.
Ray Dalio – America Losing Iran War Signals End Of The US Empire CLICK HERE.
Fed To Hike Interest Rates In September, Plus Another Gold Bull Catalyst CLICK HERE.
Paper-Led Gold & Silver Selloff Nears End As Physical Demand Increases CLICK HERE.
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